New Home Sales
New Home Sales Crater In January, Opening The Door For Deals With Builders
In its monthly New Home Sales release, the U.S. Department of Commerce showed a 13 percent drop-off in annualized new construction sales between the months of December and January. It’s the biggest one-month drop in New Home Sales since May 2010.
New Home Sales Reach 8-Month High
The 2010 housing market finished on a tear, and that momentum is carrying forward into 2011. Expect the spring season to show strongly, and for home prices to be on the rise.
New Home Sales Rise In November; Hint At Strong Winter 2011
Like most housing data from November, the most recent New Home Sales report showed sales volume increasing last month, and home supplies falling.
New Home Sales Slip In October
After posting a strong September, the number of newly-built homes sold nationwide slipped in October.
New Home Housing Stock Drops To A 5-Month Low
After improving 1 percent in August, New Home Sales popped another 7 percent in September. It’s no wonder homebuilder confidence is at a 5-month high.
New Home Sales Unchanged In August; Market Stabilizing
The August New Home Sales was weaker-than-expected, but both Wall Street investors and Main Street economists are shrugging it off. The numbers were foreshadowed by weakening housing figures from earlier this summer.
New Home Sales Drop In July — Just Like Existing Home Sales
Although new home inventory actually dropped 2,000 units in July, the slowing sales pace still managed to push the national supply higher by 1.1 months. At July’s rate of sales, the nation’s new home inventory would be exhausted in just about 9 months.
New Homes Sales Gain in June, But Gains Are Relative
June’s New Home Sales data is a major improvement over May, but gains are relative. It’s possible that the true “new home market” may be softer than the statistics suggest.
Buyers Take The May 2010 New Home Sales Data All The Way To The Bank
The press is referring to the May New Home Sales report as “poor”. A closer look, however, shows that may not be the case.
The Supply Of New Homes For Sale Just Dropped Off A Cliff
At the current sales pace, the nation’s complete supply of new homes would be sold in just 5 month’s time. That’s more than double the pace of a year ago.
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Empire Realty Associates
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(925) 217-5050
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