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Stock impact report

Genworth Mortgage Insurance's Economist Report, Fourth Quarter and Full-Year 2018: Best Purchase Year for First-Time Homebuyers since 2006

Genworth Financial Inc (GNW) 
Last genworth financial inc earnings: 10/29 05:10 pm Check Earnings Report
US:NYSE Investor Relations: genworth.com/corporate/investors.html
Company Research Source: PR Newswire
RICHMOND, Va., Feb. 28, 2019 /PRNewswire/ -- Genworth Mortgage Insurance, an operating segment of Genworth Financial, Inc. (NYSE: GNW), today released the eighth edition of the First-Time Homebuyer Market Report from its Chief Economist, Tian Liu, detailing data findings from the fourth quarter of 2018 and the full year. The report aggregates all publicly available government data and proprietary mortgage industry data into one dataset. The below highlights are followed by Liu's analysis, and the full report can be downloaded here.4Q'18 OverviewFewer first-time homebuyers amid housing slowdown: 480,000 single-family homes were purchased—a decline of three percent from a year ago, compared to a one percent increase in Q3; The first-time homebuyer market was more resilient during the housing slowdown compared to repeat buyers, which saw a decline of seven percent Larger Share: First-time homebuyers accounted for 39 percent of single-family homes sold in 2018, up from 31 percent in 2014; Show less Read more
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