Eye On Housing
Contracts for new home sales expanded by 6.1% in February, according to estimates from the joint data release of HUD and the Census Bureau. The growth in sales continues along a positive trend for the market, which is supported by solid job growth, improving household formations, continuing favorable housing affordability conditions, and tight existing home inventory. The seasonally adjusted annual pace for February new single-family… Read More ›
New home sales contracts expanded by 3.7% in January over a soft December reading, according to estimates from the joint data release of HUD and the Census Bureau. Despite the gain, which places the January pace of sales 5.5% higher than a year ago, the current seasonally adjusted annual rate of 555,000 is slightly below the positive growth trend that has been in place over the last few… Read More ›
Sales of newly built, single-family homes fell 10% on a monthly basis in December to a weak 536,000 seasonally adjusted annual rate, according to estimates from the Census Bureau and HUD. This was a surprisingly low reading for the series. My expectation is that it will be revised higher in the next report. While higher interest rates may have caused a reduction in… Read More ›
Sales of newly-built, single-family homes grew 5.2% on a monthly basis in November to a 592,000 seasonally adjusted annual rate according to estimates from the Census Bureau and HUD. The growth in November is consistent with rising home builder confidence and an expectation of sales growth in 2017. The November rate was the second highest sales pace since the end of the… Read More ›
Sales of newly-built, single-family homes fell 7.6% on a monthly basis in August to a 609,000 seasonally adjusted annual rate according to estimates from the Census Bureau and HUD. However, the monthly change masks the fact that the August pace of new home sales was the second strongest since the end of the Great Recession. New home sales for August… Read More ›
July new home sales recorded the strongest monthly pace since October 2007, growing to a 654,000 seasonally adjusted annual rate. According to estimates from the Census Bureau and Department of Housing and Urban Development, the elevated July rate marked a 12.4% gain over downwardly revised, but still strong, estimates for June. On a year-to-date basis, new home sales have improved… Read More ›
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 592 thousand in June and revised May sales up to 572 thousand. This pace represents steady progress from housing bust lows below 300 thousand but is still well short of… Read More ›
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 551 thousand in May, down from 586 thousand in April, but up from the average pace of 524 thousand in the first quarter. The monthly numbers can be noisy –… Read More ›
Rising to the highest monthly pace since early 2008, new single-family home sales recorded strong gains in April, according to estimates from the Census Bureau and the Department of Housing and Urban Development. Increasing 16.6% on a monthly basis and 23.8% year-over-year, the pace of new home sales came in at 619,000 on an annualized basis. Sales increased for all regions… Read More ›
NAHB analysis of the most recent Census estimates concerning sources of financing for new home sales reveals a slight uptick for the share of FHA-backed 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 increased to a quarterly count of 23,000 and a market share of 17% for the… Read More ›