Tag Archive for ‘sales’

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 ›

Slight Improvement in New Home Sales

New home sales increased 1.3% in October to a seasonally-adjusted annual rate of 307,000, although the increase was off of a downwardly revised September level of 303,000 from the originally reported 313,000. Only one region, the South, showed a loss, down 9.5% to a SAAR of 153,000, and the lowest in over a year. Even with the slow sales pace,… Read More ›

Existing Home Sales Held Back By Increasing Contract Cancellations

Existing home sales continue to drift sideways, with a high rate of contract failures holding back a recovery. The National Association of Realtors reported a modest, 1.4% increase in existing home sales in October, creeping up to a seasonally adjusted annual rate of 4.97 million units. The increase recovers only part of the 3% decline in September. Although existing home… Read More ›

New Home Sales Remain Unchanged

The Census Bureau reported the annual rate of new home sales remained virtually unchanged in July at 298,000 down less than 1 percent from the revised June level of 300,000. The July rate puts sales right in the middle of the recent past. The average for the first half of 2011 was 303,500 while the average for the last half… Read More ›

Existing Home Sales Continue Their Downward Trend

Existing home sales continued their recent downward trend in July. The National Association of Realtors (NAR) reported sales of existing homes fell to 4.67 million in July from an upwardly revised 4.84 million in June—a decline of 3.5%. Since January, existing home sales have fallen 13.5%. Single-family home sales were down 4.0% in July to 4.12 million units, but condominium… Read More ›

Modest Gain in Pending Home Sales in June

Pending homes sales made a modest gain in June, with the National Association of Realtors (NAR) revealing a 2.4% increase in the Pending Home Sales Index (PHSI). This comes after a volatile period, with a sharp decline in April followed by a solid bounce back in May. However, overall the index has moved sideways in 2011, showing a slight decline… Read More ›