Eye On Housing
New home sales surged forward in January and inventories dipped to their lowest in 8 years as housing demand continues to return. On an annual seasonally-adjusted basis, new homes sold at a 437,000 pace in January, up 15.6% from December and 28.9% from a year ago. The improvement was broad based in all four regions. The surge in sales and… Read More ›
Tag Archive for ‘new home sales’
Improvement for New Home Sales in May
Sales of new single-family homes gained strength in May, after lackluster reports for March and April. The seasonally adjusted annual rate of new home sales increased to 369,000 according to estimates from the Census Bureau and Department of Housing and Urban Development. This represents a nearly 20% improvement for the sales rate year-over-year. Inventories of new home have remained approximately constant throughout… Read More ›
New Home Sale Advance
April new home sales increased 3.3% from a revised March level. Except for the revised February figure, the April sales level of 343,000 was the highest since the end of the home buyer tax credit in spring 2010. In addition, the revisions added another 22,000 sales to the first quarter average. Inventories remained low and the increase in sales reduced… Read More ›
New Home Sales Stall
The rate of new home sales fell in February to an annual pace of 313,000 down 1.6% from January’s 318,000 but off 6.8% from December’s revised 336,000, which marked a high point since the end of the home buyer tax credit in spring 2010. The three-month moving average sales pace remains the highest in almost two years. The fall off… Read More ›