Tag Archive for ‘sales’

Eye on the Economy: Starts and Sales Stumble

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Home building data for January showed declines for new home sales and housing construction. Builder confidence also declined but remains in positive territory. NAHB’s forecast is for continued, modest growth for single-family construction and a slowing of the growth rate for multifamily development in 2016. The NAHB/Wells Fargo Housing Market Index measure of single-family builder sentiment declined three points in… Read More ›

New Home Sales Pause

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Consumers signed contracts to purchase new homes at an annual rate of 494,000 in January. The monthly number is 9.2% below the December level but the December report was higher than expected. The two month average is 519,000, which is more in line with expectations and trend. Two regions increased and two declined with the West falling 32.1% to 110,000…. Read More ›

New Home Sales: Sources of Financing

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NAHB analysis of the most recent Census estimates concerning sources of financing for new home sales reveals an ongoing long-run trend toward conventional mortgages. According to data from the Census Bureau’s Quarterly Sales by Price and Financing and NAHB calculations, new home sales due to FHA-backed loans were effectively unchanged at a quarterly count of 18,000 and a market share of 16% for the fourth… Read More ›

Existing Sales Surge

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Existing home sales, as reported by the National Association of Realtors (NAR), surged 14.7% in December, including an increase in the first-time buyer share to 32%, the highest share since August. December sales snapped back from a November decline partially attributable to delays in closings from the rollout of the Know Before You Owe mortgage disclosure rule by the Consumer… Read More ›

New Home Sales Financing: Conventional Mortgages Trending Up

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NAHB analysis of the most recent Census estimates concerning sources of financing for new home sales reveals an ongoing long-run trend toward conventional mortgages. According to data from the Census Bureau’s Quarterly Sales by Price and Financing and NAHB calculations, new home sales due to FHA-backed loans decreased to a quarterly count of 19,000 and a market share of 16% for the third quarter…. Read More ›

Weak September for New Home Sales

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Contracts for new home sales disappointed in September, after a strong August and a run of weak job numbers. According to estimates from the Census Bureau, the monthly pace of new home sales declined 11.5% from August, falling from a 529,000 seasonally adjusted annual rate to 468,000. The September sales rate was effectively unchanged from the rate recorded in June…. Read More ›

New Home Sales Continue Rise

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Builders continue the modest rise in new home sales as reported by HUD and the Census Bureau. August new home sales, annualized and adjusted for seasonality, increased to 552,000. The August level was up 5.7% from an upwardly revised July and represents the highest level since February 2008. The steady, albeit modest, progression of new home sales reflects the steady… Read More ›

Who Bought New Homes? 2011-2012 Data

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According to the Census’s Bureau’s American Housing Survey, 13.7 million people purchased a home in the two years prior to 2013, twice as many as did in the two years prior to 2011. Eleven percent of the homes were new homes and 43 percent of the buyers were purchasing their first home. Given recent market changes, new home buyers are… Read More ›

New Home Sales: Growth for FHA-Backed Mortgage Share

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NAHB analysis of the most recent Census numbers reveals two consecutive quarters of higher market share of FHA-backed mortgages for the new home sale sector. This development comes after a reduction in FHA premiums announced at the start of 2015. Despite the surprising drop for the pace of new home sales in June (down 6.8%), the strong non-seasonally adjusted sales level for… Read More ›