Tag Archive for ‘sales’

New Home Sales End 2019 with 10% Gain

New home sales were effectively flat in December, after downward revisions for prior months. However, the sales pace for newly-built single-family homes ended 2019 with a gain of 10%, increasing to a total of 681,000. This marks 2019 as the best year for new home sales since the Great Recession. Contracts for new, single-family home sales declined slightly in December… Read More ›

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 ›

Large Revision for June New Home Sales

The news in today’s newly-built home sales report was found in the estimates for June, rather than July. Contracts for new, single-family home sales decreased in July by 12.8% to a 635,000 seasonally adjusted annual rate according to estimates from the joint release of HUD and the Census Bureau. However, that decline came off an significantly upwardly revised June estimate,… 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 ›

New Home Sales Decline in May

Contracts for new, single-family home sales declined to a 626,000 seasonally adjusted annual rate in May according to estimates from the joint release of HUD and the Census Bureau. This was a surprising drop due to recent softening of mortgage interest rates and continued low unemployment. Recent months’ data have been relatively positive, with the revised March pace of 705,000… Read More ›

New Home Sales Post Solid Numbers in April

After an upward revision, March and April newly-built single-family homes sales data indicate that lower mortgage rates and price incentives increased the volume of transactions as the spring home buying season stabilized after weakness in late 2018. Contracts for new, single-family home sales declined to a 673,000 seasonally adjusted annual rate according to estimates from the joint release of HUD… Read More ›

New Home Sales Rise in March with Lower Rates

Contracts for new, single-family home sales increased almost 5% on a monthly basis to a 692,000 seasonally adjusted annual rate according to estimates from the joint release of HUD and the Census Bureau. The months’ supply number improved to 6.0, which indicates the market is stabilizing after the fall off in sales last Fall due to higher interest rates. The… Read More ›