Category Archives: New Home Sales

January New Home Sales Fell 0.9% To A 321,000 Pace

New single-family home sales fell 0.9% to a 321,000 unit pace in January, though comes after the month before was sharply upwardly revised to a 324,000 unit pace (was 307,000 units). The reading was also a bit stronger than the 315,000 unit pace expected by consensus. Sales were mixed across regions, with the Northeast and […]

NEW HOME SALES ROSE 1.6% TO 315,000 UNITS IN NOVEMBER

November new home sales rose 1.6% to an annualized 315,000 units, which was a bit stronger than the 312,000 expected by consensus, and comes after October sales were upwardly revised to a 310,000 unit reading (was 307,000). New home sales are up 9.8% over last November. By region, the Northeast and the West sale sharp […]

New Home Sales Plus Foreclosure Data

October New Home Sales were 307,000 units, up from the revised 303,000 in September but a bit lower than the figure reported last month.  Over the last 13 months new home sales averaged about the same 303,000 units. The inventory represents 6.3 months supply at current sales rates.  The market is, at best, flat and […]

NEW HOME SALES ROSE 5.7% TO 313,000 IN SEPTEMBER

New home sales surged 5.7% m/m to 313,000 in September, which was much stronger than the 300,000 expected by consensus after sales slipped 0.3% to 296,000 the month before. Sales in the south and the west reported monthly gains (up 11.2% and 9.7%, respectively), while the northeast and the midwest saw declines (down 4.2% and […]

U.S. Economic Forecast: No Help From Home

After markets delivered last rites, the U.S. economic recovery received a boost last month, which felt like a new lease on life. The economic data at this point still aren’t telling us whether the patient is dead or just dragging. But it did provide more support to our forecast that the recovery will limp along […]

August New Home Sales Drop 2.3% to 295,000 units.

August new home sales dropped 2.3% to 295,000.  It was in line with consensus expectations and comes after July was upwardly revised to a 302,000 unit pace (was 298,000). The Northeast fell 13.6% to a 19,000 unit pace, likely from Hurricane Irene distortions. However the South and the West also saw declines, down 2.4% and […]

From the Chat: Questions about revisions, tiered price indices and home sales.

As we have already stated, the July 26 chat session ended with some questions that we didn’t have time to answer or where we needed to check the data before we could answer them completely.  Over the next few days we will provide answers to as many of these as possible. Question:  “Can you please […]

May new homes sales down 2.1% to 319,000 annualized pace

May new home sales were down 2.1% m/m to an annualized 319,000 from a revised 326,000 the month before (previously 323,000). While the report showed a drop in sales, it was much better than the decline to 310,000 that consensus had expected. The months’ supply of homes on the market fell to 6.2 from 6.3 […]

New home sales may be stable, but still too low

April new home sales were 323,000 units at seasonally adjusted annual rates, better then expected, up 7.3% from March’s 301,000 pace and 17.8% above the low set in May, 2010.   First chart shows how sales collapsed in 2007 through 2008, bottoming out 78% below their level in December 2005.  Sales of existing homes also dropped […]

Economic Update: New Home Sales Rise 7.3%

Sales of new single-family homes rose 7.3% in April, to an annual rate of 323,000. The rate is higher than the 303,000 expected by the consensus, but is down 23.1% from last April, when sales were boosted by the homebuyer tax rebate. The median sales prise rose 4.6% from a year earlier, to $217,900, the […]

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