Tag Archives: New Home Sales

New Home Sales | Are Model Homes Misleading? – Article Dashboard

However, this does not necessarily mean that you should not trust model homes in Washington County, Florida, at all. Caution is certainly important, but being overly concerned or even paranoid will lead you to miss out on a great new home. The solution, then, is to be wary in the right ways and know how to sift through the sales pitches and find the truth. Here are 9 tips for determining what you    .. more …

New Home Sales | Why Falling Prices For New Home Sales Can Increase Summer Sales

( Continued from Part 5 ) U.S. Census Bureau’s New Home Sales report for May The U.S. Census Bureau will release the New Home Sales report for the month of May on Tuesday, June 24. New home sales are one of the most important housing market indicators, making up about 7% of the total residential housing market. In contrast to existing home sales, which are recorded only on closings, new home sales    .. more …

New Home Sales | Beijing New Home Sales Hit 9-Year Low

BEIJING, June 30 (Bernama) — Sales of new homes in Beijing plummeted by 48.8 per cent year-on-year as at June 26, 2014, hitting the lowest level since 2005. A total of 22,782 units of new homes covering an area of 2.75 million square metres (sq m) had been sold from January 1 to June 26, down from 44,460 units sold in the same period last year, the China Daily reported. However, average prices    .. more …

New Home Sales | US New Home Sales Surge In May

WASHINGTON (AP) ” Sales of new U.S. homes rose in May to the highest level in six years, providing the strongest signal yet that housing is recovering from a recent slowdown.New home sales jumped 18.6 percent in May following a 3.7 percent increase in April, the Commerce Department reported Tuesday. The gains followed declines in February and March that were blamed in part on harsh winter    .. more …

New Home Sales | Dollar Gauge Trades Near One-Month Low Before Manufacturing Data

The dollar extended its streak ofdeclines to the longest since April before reports this weekforecast to show orders for durable goods declined and a smallergain in new home sales in the world’s largest economy. The U.S. currency fell for the first time in three daysversus the yen after Federal Reserve Chair Janet Yellen lastweek said the central bank remains committed to low interestrates for a    .. more …

New Home Sales | Housing Recovery Requires Tricky Balancing Act

“If you build it, they will come.”That strategy works well enough in the movies, but home builders didn’t exactly experience a Hollywood ending when the housing bust took hold. Chastened, the industry has built far fewer homes since 2007 than typical. It turns out they weren’t quite conservative enough, though, as March inventories of unsold new homes hit the highest since autumn 2011.Home    .. more …

New Home Sales | Comments On The New Home Sales Report

The Census Bureau reported that new home sales this year, through April, were 148,000, Not seasonally adjusted (NSA). That is down 2.6% from 152,000 during the same four months in 2013 (NSA).This disappointing start to the year is probably mostly due to higher mortgage rates and higher prices. Mortgage rates were at 3.45% in April 2013 and increased to 4.34% in April 2014. Also there were probably    .. more …

New Home Sales | Housing Revives As Prices Cool Off

New-home sales rose 6.4% to an annualized 433,000 in April, the Commerce Department said Friday, the biggest leap since October and a welcome sign for a housing market that has been stuck in neutral.Prices eased 2.1% vs. March and 1.3% vs. a year earlier.That’s a positive sign because higher valuations and mortgage rates have deterred many potential homeowners.Yet supply tightened again, to 5.3    .. more …

New Home Sales | New Home Sales Beat Expectations And Huge Revision To Last Month's Data

Joe Raedle/Getty Images New home sales were up 6.4% to an annualized pace of 433,000 units in April.This missed expectations for a 10.7% month-over-month rise. But the level was above expectations for an annualized pace of 425,000 units.This is because there was a significant upward revision to March’s data.Existing home sales were down a more modest 6.9% in March to an annualized pace of 407,000    .. more …

New Home Sales | April New Home Sales Rebound 6.4%, Affecting Builders Like Pulte

Restricted supply has been the theme of the U.S. housing market over the past year At the end of April, there were 192,000 new homes for sale, representing a 5.3-month supply. The median time a new home has been on the market shrunk from nine months last summer to the current figure of five months. As professional investors have become major players in the real estate market, we’re seeing bidding    .. more …