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.
Archive | New Home Sales RSS feed for this section
February 25, 2011
January 28, 2011
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.
December 28, 2010
Like most housing data from November, the most recent New Home Sales report showed sales volume increasing last month, and home supplies falling.
November 30, 2010
After posting a strong September, the number of newly-built homes sold nationwide slipped in October.
October 28, 2010
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.
August 26, 2010
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.
July 27, 2010
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.
June 25, 2010
The press is referring to the May New Home Sales report as “poor”. A closer look, however, shows that may not be the case.
May 28, 2010
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.
April 27, 2010
The sales of newly-built homes soared in March. Even more than what was expected. But the news may not be as glowing as what the media is telling us.