Early Indicators Suggest Uptick in New Home Sales

first_imgEarly Indicators Suggest Uptick in New Home Sales August 15, 2014 593 Views in Daily Dose, Data, Featured, Headlines, News, Origination An early glimpse at mortgage applications points to a slight uptick in new home sales for the month of July.The Mortgage Bankers Association (MBA) estimates purchase applications for new homes nudged up 2 percent compared to June. The increase does not account for any typical seasonal patterns.Based on that increase, MBA estimates a 2.8 percent increase in new single-family home sales over the month on an unadjusted basis. New home sales rose from 36,000 in June to 37,000 in July, according to the group’s data.Factoring in seasonal adjustments, MBA says July single-family new home sales ran at an annual rate of 433,000 homes, up from 386,000 in June, representing a 12.2 percent rise. While the Census has not yet released its July data, the bureau reported a seasonally adjusted annual rate of 406,000 home sales in June.The average size of loans closed in July was $297,253, up from $296,078 in June, according to MBA.Most loans applied for in July were conventional loans—about 68.8 percent. Loans insured by the Federal Housing Administration (FHA) made up 16.1 percent of loan applications in July; Veterans Affairs loans accounted for 13.6 percent of loan applications; and government loans for rural areas made up 1.5 percent.MBA tracks mortgage applications and new home sales through its Builder Application Survey each month, taking into account mortgage applications and market coverage.center_img Builder Applications Survey Mortgage Bankers Association New Home Sales 2014-08-15 Krista Franks Brock Sharelast_img read more

Tuned Tesla Model S P100D Goes Dark

first_img14 photos Deep Blue Metallic Tesla Model 3 Gets Aftermarket ADV.1 Wheels The Dark Knight is back, this time with 21″ Strasse WheelsFor the recent few months, there’s been a steady flow in of rather interesting looking Tesla Model S aftermarket builds. This is mostly due to the vehicle’s popularity, but also, the more acceptable price point of used Model S vehicles. For this particular Model S, going dark is the theme. And we have nothing against it- whatever some may say.Take a look at more Tesla tuning projects Matte Blue Tesla Model S P90D With ADV.1 Wheels And Aftermarket Parts This particular vehicle is a Tesla Model S P100D.  Coming with a well-familiar dual-motor setup, the P100D excels in straight line performance. The vehicle uses a massive 760 horsepower and it affords the owner with the all-too-familiar tire screeching sonata at the tune of 722 lb-ft of torque. The Model S P100D will sprint from 0-70mph (0-100km/h) in just 2.68 seconds, making it one of the fastest street legal, mass-produced vehicles in the world.The Model S comes with a dual motor setup delivering 760 horsepower, while the same setup in the Volkswagen I.D R Pikes Peak delivers 670 horsepower. Torque wise, the difference is even more pronounced. The Tesla plays the all-too-familiar tire screeching sonata at the tune of 722 lb-ft of torque. On the other hand, the VW I.D R will utilize “just” 479 lb-ft of torque. However, the VW’s racer weighs a little over a metric tonne (2,204lbs) – less than half the weight of the 2,241kg (4,940lbs) Tesla P100D.For this Model S, the owner wanted to give his vehicle a more menacing look. This is done due to a completely blacked out exterior, matched with red details such as the Tesla logo in the front and in the rear. Furthermore, the most impacting part of this build are the directional Strasse Wheels. Coming in at a whopping 21×9 at the front and 21×10.5 at the rear, these wheels help fill out those huge wheel arches perfectly. Naturally, the wheels come in Gloss Black, perfectly revealing the bloodshot red brake calipers behind them.You can view the full build gallery of this Model S P100D right below. Source: Carscoops Check Out This Matte Black Tesla Model X With HRE S209 Wheels Source: Electric Vehicle News Author Liberty Access TechnologiesPosted on November 7, 2018Categories Electric Vehicle Newslast_img read more