Tag Archive for ‘sales’

Home Sales Hold Steady

September new home sales were virtually unchanged from a revised August report. At an annual rate of 467,000, new home sales were the highest since July 2008. The August number was revised downward after an unusually large and unsustainable spike. Given the month-to-month variation in the series, a quarterly average may be clearer. The third quarter finished at 446,000 up… Read More ›

New Home Sales in August – Back on Track

In a joint release the Census Bureau and Department of Housing and Urban Development reported that newly constructed single family homes sold at a seasonally adjusted annual pace of 504 thousand in August, up 18% from July and 33% from August 2013. The supply of new homes available for sale inched up to 203 thousand from 201 thousand in July…. Read More ›

New Home Sales Hesitate

New home sales fell another 2.4% to an annual rate of 412,000 in July, down 10,000 from an upwardly revised June figure of 422,000. The last three months of sales averaged the same as the annual figure for 2013 at 429,000 — but in contrast to the first two months of the year that averaged 445,000 and the last quarter… Read More ›

New Home Sales: Cash Purchases on the Rise

The share of new single-family home sales purchased with cash rose during the second quarter of 2014, reaching 8.4% of sales. The onset of the housing crisis in 2007 led to a decline in the share of new home sales due to conventional mortgage financing and increases in the shares due to mortgages backed by the FHA and the Department of Veteran’s… Read More ›

Eye on the Economy: Home Sales Surge after Slow First Quarter

Housing news continued to improve as pending home sales surged following a slow first quarter. Home prices also continued to move higher but at a more moderate pace, suggesting the extra push caused by investors may be slowing. Economic news, however, was mixed. Consumer confidence increased in response to improving labor market conditions. On the other hand, new estimates from… Read More ›

New Home Sales Jump in May

New single-family home sales reached the highest pace in six years in May. According to estimates from the Census Bureau and the Department of Housing and Urban Development, new home sales were at a seasonally adjusted annual rate of 504,000 in May, a gain of 18.6% over a slightly downwardly revised April (425,000). The May 2014 rate of sales is… Read More ›

New Home Sales Steady

The rate of new home sales increased 6.4% in April from an upwardly revised March to 433,000 virtually matching the first quarter average of 434,000 (seasonally adjusted annual rate). The 26,000 monthly increase was entirely due to a 27,000 increase in sales in the Midwest region. However, the monthly and regional data are subject to significant variability so it is… Read More ›

First Quarter: Sources of New Home Sales Financing

The share of new single-family home sales purchased using Federal Housing Administration (FHA) backed mortgages continued to fall at the start of 2014. According to data from the Census Bureau’s Quarterly Sales by Price and Financing, the onset of the housing crisis in 2007 led to a decline in the share of new home sales due to conventional mortgage financing and increases in… Read More ›