Tag Archive for ‘new home sales’

November New Home Sales Trend Higher

New home sales posted a small gain in November, after downward revisions for prior months. However, the sales pace for newly-built single-family homes is ending the year strong, with solid demand pointing to additional construction gains in 2020. Contracts for new, single-family home sales increased slightly in November by 1.3% to a 719,000 seasonally adjusted annual rate according to estimates… Read More ›

New Home Sales Remain Solid in October

Contracts for new, single-family home sales declined in October by 0.7% to a 733,000 seasonally adjusted annual rate according to estimates from the joint release of HUD and the Census Bureau. The decline came off an upwardly revised September estimate, which was increased from an initial reading of 701,000 to a new estimate of 738,000. Year-over-year, the October estimate is 31.6% higher. Sales continue… Read More ›

New Home Sales Remain Solid in September

Contracts for new, single-family home sales inched down 0.7% in September to a 701,000 seasonally adjusted annual rate according to estimates from the joint release of HUD and the Census Bureau. The decline came off a downwardly revised August estimate, which was decreased from an initial reading of 713,000 to a new estimate of 706,000. Year-over-year, the September estimate is… Read More ›

Rebounding Continues in August in New Home Sales

Contracts for new, single-family home sales increased in August by 7.1% to a 713,000 seasonally adjusted annual rate according to estimates from the joint release of HUD and the Census Bureau. The increase came off a upwardly revised July estimate, which was increased from an initial reading of 635,000 to a new estimate of 666,000. Year-over-year, the August estimate is 18.0% higher. Sales continue… Read More ›

FHA-Backed New Home Sales Increase 60% Year-over-Year

NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that mortgages backed by the FHA made up 17.9% (32,000) of total sales (179,000), 7.3 percentage points higher than Q2 2018 (20,000). The FHA share is the highest it has been since the first quarter of 2013. Conventional loans accounted for… Read More ›

Housing Affordability Causes Ongoing Challenges in New Home Sales in June

Contracts for new, single-family home sales increased in June by 7.0% to a 646,000 seasonally adjusted annual rate according to estimates from the joint release of HUD and the Census Bureau. The increase came off a downwardly revised May estimate, which was decreased from an initial reading of 626,000 to a new estimate of 604,000. Year-over-year, the June estimate is 4.5% higher compared to… Read More ›

Conventional Loan Market Share Hits 10-Year High

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 76.9% of new home sales in the fourth quarter of 2018, a 2.4-percentage point increase from Q3 2018. Although mortgage rates have moderated in 2019, the increase in conventional mortgage market share in late-2018 was contemporaneous… Read More ›

New Home Sales Up 1.5% for the Year

Despite a period of weakness during the Fall of 2018, new home sales ended 2018 up 1.5% compared to the total for 2017. Contracts for new, single-family home sales increased almost 4% to a 621,000 seasonally adjusted annual rate according to estimates from the joint release of HUD and the Census Bureau. However, the surprisingly strong initially reported November pace was revised down from a… Read More ›

Unexpected Gain for New Home Sales in November

Data for November indicated a surprise gain for the seasonally adjusted annual rate of new single-family home sales. The data was delayed due to the partial government shutdown. Survey data, including builder confidence, suggest December estimates, when published, will show market weakness however. Contracts for new, single-family home sales increased almost 17% to a 657,000 seasonally adjusted annual rate according to… Read More ›