Tag Archive for ‘sales’

New Home Sales: Sources of Financing

NAHB analysis of the most recent Census estimates concerning sources of financing for new home sales reveals an ongoing long-run trend toward conventional mortgages. According to data from the Census Bureau’s Quarterly Sales by Price and Financing and NAHB calculations, new home sales due to FHA-backed loans were effectively unchanged at a quarterly count of 18,000 and a market share of 16% for the fourth… Read More ›

Existing Sales Surge

Existing home sales, as reported by the National Association of Realtors (NAR), surged 14.7% in December, including an increase in the first-time buyer share to 32%, the highest share since August. December sales snapped back from a November decline partially attributable to delays in closings from the rollout of the Know Before You Owe mortgage disclosure rule by the Consumer… Read More ›

New Home Sales Financing: Conventional Mortgages Trending Up

NAHB analysis of the most recent Census estimates concerning sources of financing for new home sales reveals an ongoing long-run trend toward conventional mortgages. According to data from the Census Bureau’s Quarterly Sales by Price and Financing and NAHB calculations, new home sales due to FHA-backed loans decreased to a quarterly count of 19,000 and a market share of 16% for the third quarter…. Read More ›

Weak September for New Home Sales

Contracts for new home sales disappointed in September, after a strong August and a run of weak job numbers. According to estimates from the Census Bureau, the monthly pace of new home sales declined 11.5% from August, falling from a 529,000 seasonally adjusted annual rate to 468,000. The September sales rate was effectively unchanged from the rate recorded in June…. Read More ›

New Home Sales Continue Rise

Builders continue the modest rise in new home sales as reported by HUD and the Census Bureau. August new home sales, annualized and adjusted for seasonality, increased to 552,000. The August level was up 5.7% from an upwardly revised July and represents the highest level since February 2008. The steady, albeit modest, progression of new home sales reflects the steady… Read More ›

Who Bought New Homes? 2011-2012 Data

According to the Census’s Bureau’s American Housing Survey, 13.7 million people purchased a home in the two years prior to 2013, twice as many as did in the two years prior to 2011. Eleven percent of the homes were new homes and 43 percent of the buyers were purchasing their first home. Given recent market changes, new home buyers are… Read More ›

New Home Sales: Growth for FHA-Backed Mortgage Share

NAHB analysis of the most recent Census numbers reveals two consecutive quarters of higher market share of FHA-backed mortgages for the new home sale sector. This development comes after a reduction in FHA premiums announced at the start of 2015. Despite the surprising drop for the pace of new home sales in June (down 6.8%), the strong non-seasonally adjusted sales level for… Read More ›

New Home Sales in June – A Bumpy Ride Up

The US Census Bureau and Department of Housing and Urban Development in a joint release reported that newly constructed single family homes sold at a seasonally adjusted annual pace of 482 thousand in June, down from May’s 517 thousand pace (-6.8%), but up from the June 2014 pace of 408 thousand (18.1%). The inventory of new homes for sale inched… Read More ›

New Home Sales Rise

The rate of new home sales increased in May to an annual level of 546,000, the highest since February 2008 as the housing market of the mid-2000s started to deflate. The May figure is 2.2% above April and puts the first two months of the second quarter at 3.8% ahead of the first quarter. Regional results were more varied with… Read More ›