Tag Archive for ‘sales’

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 ›

June’s New Home Sales – More of the Same

Today’s June new home sales report from the Census Bureau showed more of the bouncing along the bottom that we’ve seen throughout the housing sector. The June pace of new single family home sales was 312 thousand, compared to a revised 315 thousand for May. Sales have hovered in this range since the expiration of the homebuyer tax credit in… Read More ›

Existing Home Sales Edge Down With Increasing Contract Cancellations

Another soft result for result for existing homes sales. The National Association of Realtors (NAR) reported sales of existing homes slipped a further 0.8% in June to a seasonally adjusted annual rate of 4.77 million, as contract cancellations spiked unexpectedly. Following very strong growth in the second half of 2010, existing home sales have lost momentum in 2011, as June’s… Read More ›