Housing

U.S. purchases of new homes rebounded in August from the slowest pace in almost a year.

Thirty states told the Council of Development Finance Agencies they issued mortgage revenue bonds in 2017 compared to only 18 that issued mortgage credit certificates.

Existing home sales were flat at a seasonally adjusted 5.34 million-unit rate in August.

States reported a 20.2% jump in the issuance of private activity bonds from the $20.4 billion issued in 2016.

Demand for public-private partnerships in higher education is on the rise, particularly for student housing and parking, according to a report issued by Fitch Ratings.

Pending home sales slipped 0.7% to an index reading of 106.2 in July, after a revised 1.0% gain to 107.0 in June.

Home prices rose 6.2% on an annual basis in June, not seasonally adjusted, down from a 6.4% gain in May.

U.S. purchases of new homes unexpectedly dipped to the weakest pace in nine months.

Existing home sales fell 0.7% to a seasonally adjusted 5.34 million-unit rate in July.

The pace of housing starts rose by 0.9% to a 1.168 million seasonally adjusted annual rate in July, below expectations for a 1.270 million rate.