30-year mortgage money is at 3.04%, 15- year 2.45%, FHA 30 year is 2.39%, Jumbo 3.35%, and 5/1 ARM 2.83%.
Existing-home sales in the south were 2,600,000 for the month of August, up from 2,590,000 in July, up 0.4%, and up from 2,330,0000 in August of 2019. up 11.6% from year to year.
New home sales in the South were also up. 636,000 in August, up from 561,000 in July and 424,000 in August 2019, increases of 13.4% month over month, and 50% year over year.
Residential construction in the South is also up. Housing starts of single-family homes were 1,021,000 in August, up from 940,000 in July and 911,000 on August 2019; increases of 8.6% month to month and 12.1% year over year.
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