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In April, potential existing-home sales increased 0.1% from the previous month, narrowing the market’s improvement gap, according to First American’s Potential Home Sales Model. "The housing market continued to underperform its potential in April 2019, but the performance gap shrank compared with March," First American Chief Economist Mark Fleming said.
· Tuesday, 23 April 2019 New home sales in the U.S. unexpectedly jumped to their highest level in well over a year in the month of March, according to a report released by the Commerce Department on Tuesday. The Commerce Department said new home sales surged up by 4.5 percent to an annual rate of 692,000.
Actual existing-home sales remain 1.3 percent below the market’s potential, but the performance gap narrowed from 2.0 percent last month, according to our Potential Home Sales model. That means the housing market has the potential to support 68,000 more home sales at a seasonally adjusted annualized rate (SAAR).
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According to a new report by First American, while existing-home sales continued to underperform their potential in December 2017, the gap between actual sales and that potential has continued to.
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Actual existing-home sales remain 1.3% below the market’s potential, but the performance gap narrowed from 2.0% last month, according to our Potential Home Sales model," said Mark Fleming.
"Our Potential Home Sales model forecasts what the market potential for home sales should be given current economic, demographic, and housing market environments. Potential home sales, while currently at a level of 6.1 million saar, are expected to reach an estimated 6.29 million SAAR by the end of 2019, despite a rising rate environment.
The Impact of Rising Rates on Housing Market Potential, According to First american potential home sales model -"There are a variety of reasons why people buy homes that are completely.
Federal Liberals’ plan to help first-time homebuyers to kick in weeks before election – Goldstream News Gazette None of this is slated to start in any meaningful way until next year, after the next federal election, and the government says it will embark on consultations to nail down the nitty gritty program.