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Housing Industry United States

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BUSINESS
August 20, 1998 | From Reuters
Cheap mortgages and plentiful jobs fueled a national surge in home building during July, the government said Wednesday, pushing construction activity to a pace not seen since the boom years of the 1980s. The Commerce Department said building starts on new homes and apartments jumped 5.7% last month to a seasonally adjusted annual rate of 1.72 million units after a revised matching 5.7% increase in June to 1.63 million units.
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BUSINESS
May 11, 2000 | From Bloomberg News
U.S. applications for loans to buy homes jumped last week to their second-highest level on record even as borrowing costs climbed, the Mortgage Bankers Assn. of America said. The association's purchase index rose 14% to 341.2 in the week ended May 5 from 299.4 a week earlier. The new reading was second only to the 343.10 in the week ended Oct. 10, 1998. The increase in purchase applications drove a 12.7% rise in the mortgage applications index, which also includes refinancings.
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BUSINESS
November 12, 1991 | From American Banker
A newly released index of mortgage activity offers a glimmer of hope that the nation's sagging market for housing could soon rebound. The index, calculated by the Mortgage Bankers Assn. of America, measures the volume of applications for loans to buy houses. Since mid-September, it has climbed more than 8%, attaining its highest level since May. Economists said the rise reflects consumer enthusiasm about the lowest mortgage rates since the late 1970s.
BUSINESS
August 20, 1998 | From Reuters
Cheap mortgages and plentiful jobs fueled a national surge in home building during July, the government said Wednesday, pushing construction activity to a pace not seen since the boom years of the 1980s. The Commerce Department said building starts on new homes and apartments jumped 5.7% last month to a seasonally adjusted annual rate of 1.72 million units after a revised matching 5.7% increase in June to 1.63 million units.
BUSINESS
May 31, 1989 | From Associated Press
Sales of new homes were up a strong 10.9% in April, the Commerce Department said Tuesday, but housing economists say the industry will remain sluggish at least into summer because of high interest rates. The increase in sales to 620,000 units on a seasonally adjusted annual basis was due to an aberration in sales in February and March, when sales dropped 10.9% and 10.4% respectively, the economists said. The April increase was the steepest since a 13.9% jump in February, 1988.
BUSINESS
June 27, 1991 | From Times Staff and Wire Reports
Construction Down in May: Demand for housing and other construction stayed firm in May, although it could not equal the big gains posted during April, according to a widely followed index. The F. W. Dodge Division of McGraw-Hill Inc., which tracks the ups and downs of the construction industry, reported that contracting was down 5% in May compared to April on a seasonally adjusted annual basis. However, it was still running ahead of the dismal first quarter of 1991.
BUSINESS
May 11, 2000 | From Bloomberg News
U.S. applications for loans to buy homes jumped last week to their second-highest level on record even as borrowing costs climbed, the Mortgage Bankers Assn. of America said. The association's purchase index rose 14% to 341.2 in the week ended May 5 from 299.4 a week earlier. The new reading was second only to the 343.10 in the week ended Oct. 10, 1998. The increase in purchase applications drove a 12.7% rise in the mortgage applications index, which also includes refinancings.
BUSINESS
November 12, 1991 | From American Banker
A newly released index of mortgage activity offers a glimmer of hope that the nation's sagging market for housing could soon rebound. The index, calculated by the Mortgage Bankers Assn. of America, measures the volume of applications for loans to buy houses. Since mid-September, it has climbed more than 8%, attaining its highest level since May. Economists said the rise reflects consumer enthusiasm about the lowest mortgage rates since the late 1970s.
BUSINESS
June 27, 1991 | From Times Staff and Wire Reports
Construction Down in May: Demand for housing and other construction stayed firm in May, although it could not equal the big gains posted during April, according to a widely followed index. The F. W. Dodge Division of McGraw-Hill Inc., which tracks the ups and downs of the construction industry, reported that contracting was down 5% in May compared to April on a seasonally adjusted annual basis. However, it was still running ahead of the dismal first quarter of 1991.
BUSINESS
May 31, 1989 | From Associated Press
Sales of new homes were up a strong 10.9% in April, the Commerce Department said Tuesday, but housing economists say the industry will remain sluggish at least into summer because of high interest rates. The increase in sales to 620,000 units on a seasonally adjusted annual basis was due to an aberration in sales in February and March, when sales dropped 10.9% and 10.4% respectively, the economists said. The April increase was the steepest since a 13.9% jump in February, 1988.
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