Eye On Housing
Despite some analysts’ expectations of a monthly decline, the rate of new home sales in January maintained the gains reported in the December report. Combined with upward revisions, the effectively flat monthly change from December to January keeps new home sales near post-recession highs. According to estimates from the joint Census Bureau and HUD release, the January pace of new… Read More ›
NAHB analysis of the most recent Census numbers regarding the sources of financing for new single-family home sales suggests small changes from the prior quarter, although the long-run trends point to a growing market share for conventional financing sources. The onset of the housing crisis in 2007 led to a decline in the share of new home sales due to conventional… Read More ›
The pace of sales of newly built, single-family homes increased 11.6% in December to a seasonally adjusted annual rate of 481,000 homes, according to newly released data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This is the highest monthly sales rate since June of 2008. After a slow start to the year, new home… Read More ›
With the end of 2014 approaching, NAHB’s Eye on Housing is reviewing the posts that attracted the most readers over the last year. In December, we published research on Millennial home purchases. —————————– By Natalia Siniavskaia New NAHB research shows that millennials tend to buy homes that are smaller, older, and less expensive than homes bought by older generations. Being the youngest home buyers… Read More ›
New home sales posted a slight gain in October after downward revisions for prior months, according to data released by the Census Bureau and HUD. Sales of new single-family homes were up 0.7% over a downwardly revised pace for September. The October seasonally adjusted annual sales rate came in at 458,000. This is 1.8% higher than the October 2013 sales… Read More ›
NAHB analysis of the most recent Census numbers regarding the sources of financing for new single-family home sales suggest little change from the prior quarter, although the long-run trends point to a growing market share for conventional financing sources. The onset of the housing crisis in 2007 led to a decline in the share of new home sales due to… Read More ›
September new home sales were virtually unchanged from a revised August report. At an annual rate of 467,000, new home sales were the highest since July 2008. The August number was revised downward after an unusually large and unsustainable spike. Given the month-to-month variation in the series, a quarterly average may be clearer. The third quarter finished at 446,000 up… Read More ›
The August increase of the pace of new home sales pushed the months’ supply measure of inventory to its lowest level in more than a year. According to estimates from the Census Bureau and HUD , on a nonseasonally adjusted basis the inventory of for-sale newly built homes stood at 206,000 in August. This was a slight increase from the July estimate… Read More ›
In a joint release the Census Bureau and Department of Housing and Urban Development reported that newly constructed single family homes sold at a seasonally adjusted annual pace of 504 thousand in August, up 18% from July and 33% from August 2013. The supply of new homes available for sale inched up to 203 thousand from 201 thousand in July…. Read More ›
New home sales fell another 2.4% to an annual rate of 412,000 in July, down 10,000 from an upwardly revised June figure of 422,000. The last three months of sales averaged the same as the annual figure for 2013 at 429,000 — but in contrast to the first two months of the year that averaged 445,000 and the last quarter… Read More ›