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US MBA mortgage applications w/e 16 March -1.1% vs 0.9% prev
mortgage market index 383.0
mortgage purchase index +1.4% at 249.9
Ave 30yr mortgage rate down 1bps at 4.68%
refinancing index -4.5% at 1107.7US February existing home sales 5.54m vs 5.40m expected, Prior 5.38m
Sales up 3.0% m/m vs +0.4% exp
Sales up 1.1% y/y
Single family +4.2%
Condos -6.5%
Median price +5.9% y/y at $241.7KU.S. House Price Index Report – January 2018
Published: 3/22/2018The FHFA House Price Index (HPI) reported a 0.8 percent increase in U.S. house prices in January from the previous month. From January 2017 to January 2018, house prices were up 7.3 percent. For the nine census divisions, seasonally adjusted monthly price changes from December 2017 to January 2018 ranged from -0.7 percent in the West South Central division to +1.2 percent in the New England and Pacific divisions. The 12-month changes were all positive, ranging from +5.1 percent in the West South Central division to +10.0 percent in the Mountain division.
KB Home Earnings Beat
Fiscal first-quarter earnings up 167% to 40 cents, crushing views for 30 cents.
Net orders rose 8% to $1.17 billion on an 8% gain in net orders to 2,784. Analysts had expected a 6.3% gain in orders.
Revenue was up 6.5% to $871.6 million, below Zacks Investment Research consensus for $887 million.
Deliveries were flat at 2,223 homes. The average selling price rose 7% to $389,800.KB Home NYSE: KBH · March 23, 10:35 AM EDT
30.04 ▲ 1.20 (4.16%)Was At 31.39 before weak home sales
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