Tag Archive for ‘sales’

New Home Sales Take a Breather

Census and HUD reported new home sales for December were down7% to an annual rate of 414,000. The first estimate of 2013 annual sales rate shows sales advancing 16.4% and the highest since 2008. In addition, the fourth quarter new homes sales were virtually the same as the second quarter of 2013. The NAHB/Wells Fargo Housing Market Index showed a… Read More ›

New Home Sales Steady

New home sales for November declined a statistically insignificant 2.1% from an unusually high October.  The average for the first two month of the fourth quarter is the highest since mid-2008.  The previous three months were also revised upward by a total of 88,000 sales.  The report was mixed regionally with the Northeast and West rising 15.2% and 31.1% respectively. … Read More ›

New Home Sales Up

The October new home sales report from Census and HUD showed a 25% increase over a low September level.  Both months were reported late and together because of the government closer in early October.  The 444,000 level reported for October brings sales back to the levels that were established earlier this year.  All four regions showed significant increases returning to… Read More ›

Sources of New Home Sales Financing

While the sources of finance for new home sales have changed noticeably since the start of the Great Recession, cash sales remain more common for existing homes compared to new construction. 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… Read More ›

Lost Home Sales

The long and deep housing recession left many homeowners remaining in place and potential first time home buyers continuing to rent or stay with parents or friends. In a recent article, NAHB’s Heather Taylor reported the number and distribution of first time and repeat movers in American Housing Survey odd numbered years 2001 through 2011. The AHS reports 10 million… Read More ›

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 ›