Tag Archive for ‘sales’

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 ›

New Home Sales Continue Rise

New home sales increased to 372,000 per year on a seasonally-adjusted annual basis in July, which ties the revised May 2012 rate for the highest level since the end of the home buyer tax credit in early 2010. Monthly data does have more statistical variations so looking at a quarterly moving average shows sales have been increasing since September 2011…. Read More ›

New Home Sales Drop Back

The annual rate of new home sales dropped to 350,000 from an elevated and revised upward May level of 382,000. The larger than expected drop still leaves the quarter-to-quarter change a positive 3.1%. The absolute level of inventories and the month’s supply both remain near historic lows of 4.9 months and 144,000 homes for sale. The number of homes completed… Read More ›

Moderate Growth in Existing Home Sales in November ….. Benchmark Revisions Released

Existing home sales continued to grow at a moderate rate on a month-to-month basis in November and also improved upon their year ago level. The National Association of Realtors (NAR) reported sales of existing homes, completed transactions of single-family, townhomes, condominiums and co-ops rose 4.0% in November to a seasonally adjusted annual rate of 4.42 million. This follows a modest… Read More ›

Pending Home Sales Bounced Back Strongly in October

Pending homes sales bounced back strongly in October, more than recovering the ground lost through declines over the past three months. The National Association of Realtors (NAR) announced a 10.4% increase in the Pending Home Sales Index (PHSI) in October, rising to 93.3.  This follows a decrease of 4.6% in September and modest declines in July (1.2%) and August (1.3%)…. Read More ›