Tag Archive for ‘new home sales’

FHA Mortgages Finance Growing Share of New Home Sales

NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that FHA loans financed 12.9% of new home sales during the third quarter of 2018, 2.3 percentage points above the prior quarter and the largest share since Q3 2017. Despite the increase, the share of sales financed with FHA-backed mortgages remains… Read More ›

Decline In New Home Sales In July

Contracts for new, single-family home sales declined in July, falling 1.7% to a 627,000 seasonally adjusted annual rate according to estimates from the joint release of HUD and the Census Bureau. The decline came off an upwardly revised June estimate, which was increased from an initial reading of 631,000 to a new estimate of 638,000. The July estimate was the lowest annual pace since… Read More ›

Share of Conventional Mortgages Continues to Rise

NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that conventional loans accounted for 74.2% of new home sales in the second quarter of 2018, a 0.4-percentage-point increase over Q1 2018 and the highest share in a decade. Conventional loans financed over three-quarters of new home sales in the second… Read More ›

New Home Sales Fall Back in June

Contracts for new, single-family home sales declined in June, falling 5.3% to a 631,000 seasonally adjusted annual rate according to estimates from the joint release of HUD and the Census Bureau. The decline came off a downwardly revised May estimate, which was dropped from an initial read of 689,000 to a new estimate of 666,000. The June estimate was the lowest annual pace since… Read More ›

New Home Sales Rise, But Only In The South

Sales of new single-family homes rose by 6.7 percent in May to reach a seasonally adjusted annual rate of 689,000 according to a report released by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. A downward revision to the sales pace in April, from 662,000 to 646,000, partly contributed to the increase in sales. Regionally,… Read More ›

Cash Sales Tie Post-Recession High

NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the Census Bureau reveals that cash sales accounted for 11,000 new home sales in the fourth quarter of 2017. Cash purchases also accounted for 11,000 new home sales in Q2 2017, but only made up 6.5% of the total. In contrast, they made up 7.9% of purchases in… Read More ›

New Home Sales Reach Strongest Pace in a Decade

Contracts for new, single-family home sales expanded by 6.2% in October to a 685,000 seasonally adjusted annual rate, according to estimates from the joint release of HUD and the Census Bureau. The strongest reading in a decade continues new home sales on a positive growth trend. The expansion is supported by ongoing job growth and improving household formations, as well as tight existing home inventory. Despite some volatility in the month-to-month sales figures, October marks the sixth… Read More ›

Cash Sales Retreat as a Share of New Home Purchases

NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the Census Bureau reveals that cash sales accounted for just 4.8% of the total, down from 6.5% in the second quarter. FHA-loans financed 14.3% of new home sales during the third quarter of 2017. As of the second quarter of 2017, the share of sales financed with FHA-backed… Read More ›

Jump for New Home Sales in September

Contracts for new home sales expanded by 18.9% in September to a 667,000 seasonally adjusted annual rate, according to estimates from the joint data release of HUD and the Census Bureau. The solid reading in September returns new home sales to the positive growth trend it has been on for several years. This expansion is supported by ongoing job growth and improving household formations, as well as tight existing home inventory. Despite some… Read More ›

New Home Sales Falter After Encouraging Spring

According to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, sales of new single-family homes fell 9.4 percent over the month of July to a seasonally adjusted annual rate of 571,000. Despite the declines, sales over the first seven months of 2017 are 9.2 percent above their level over the same period in 2016. The… Read More ›