- New mortgage originations, including refinances, totaled just $323.5 billion for the 1st quarter, the lowest level since the 2nd quarter of 2014.
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- Despite strong demand, April’s existing home sales fell 3.4% for the month and 23.2% year over year. Tight inventory remains a problem.
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- However, April's single-family building permits increased 3.1% to a 7-month high, while single-family housing starts rose 1.6%.
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