Eye On Housing
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 ›
Tag Archive for ‘sales’
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 ›