Tag Archive for ‘sales’

Growing Share of Consumers Plan to Purchase a New Home

Measures of consumer confidence continue to report mixed results on a monthly basis. However, over time they are trending in the same direction. According to Thomson Reuters and the University of Michigan, the Consumer Sentiment Index rose by 1 point in July to a seasonally adjusted level of 84.1. The final reading of consumer sentiment was revised up from the… Read More ›

New Home Sales Burst Forward

US Departments of Commerce and Housing and Urban Development reported new homes sales up 8.3% in June over the May revised figure. New home sales were at 497,000 on an annual basis, the highest rate in five years. Sales were up in three of the four regions; the 12% drop in the Midwest was an adjustment to a much higher… Read More ›

New Home Sales Burst Forward

US Departments of Commerce and Housing and Urban Development reported new homes sales up 8.3% in June over the May revised figure. New home sales were at 497,000 on an annual basis, the highest rate in five years. Sales were up in three of the four regions; the 12% drop in the Midwest was an adjustment to a much higher… Read More ›

House Prices Move Higher

Nationally, house prices continued to rise in April, contributing to the overall recovery in U.S. house prices. According to the most recent release by the Federal Housing Finance Agency, U.S. house prices rose by 0.7% on a month-over-month seasonally adjusted basis in April. This is the fifteenth consecutive monthly increase for the House Price Index – Purchase Only. Since January… Read More ›

New Home Sales on Course

HUD and Census reported new home sales up 1.5 percent in March over February at an annual rate of 417,000 per year. Except for the January outlier rate of 445,000, this is the highest rate of sales since the end of the home buyer tax credit in early 2010. The first quarter average is 424,000 annual sales, which is the… Read More ›

New Home Sales Readjust

New home sales were down 4.6% in February from January but up 12.3% from a year ago. The drop in February was from an elevated January that was the highest since mid-2008. The inventory of unsold new homes remains very low by historic standards at 4.4 month’s supply.   Regionally, the Midwest was the only region with an increase, up… Read More ›

Home Sales Are Expected To Accelerate In the Coming Months

The National Association of Realtors (NAR) reported that it’s Pending Home Sales Index (PHSI), a leading indicator of home-buying, accelerated by 5.2% in October to settle at 104.8. An index of 100.0 coincides with a level that is considered historically healthy. October’s monthly increase, which is measured at a seasonally adjusted annual rate, comes on the heels of a 0.4%… Read More ›

New Home Sales Hold Steady in October

The Census Bureau and HUD reported October new home sales at a seasonally-adjusted annual level of 368,000, which is virtually the same as the three previous months. A 32% drop in sales in the Northeast was likely a result of the threat and ultimate impact of the storm named Sandy.   Inventories rose 2,000 to 147,000, which remains at a… Read More ›

New Home Sales Continue Improvement

September new home sales increased 5.7% to an annual rate of 389,000, the highest level since the home buyer tax credit expired in early 2010. The three-month moving average of new home sales has increased steadily for over a year as more housing markets begin to see rising home prices and improving consumer sentiment. The months’ supply of new homes… Read More ›

New Home Sales Hold Steady

The US Census Bureau and HUD reported new home sales for August remained virtually unchanged from a revised July level at 373,000. The last two months set the highest levels in new home sales since the momentary bump provided by the home buyer tax credit in 2010. The current levels are driven by underlying pent up demand, buyers taking advantage… Read More ›