Posts Tagged ‘ home sales ’

Harvard Housing Study Shows Markets Cooling

Sep 20th, 2023

Results of the State of the Nation’s Housing 2023 study, conducted by the Joint Center for Housing Studies (JCHS) of Harvard University, show what many in the homebuilding industry have known for some time yet: declines in the market for home sales, construction and appreciations in home values. Changes are due in part to home […]

LIRA Projects Remodeling Slowdown in 2023 While Remaining Above Historical Average

Jul 21st, 2022

Slowing home sales, rising interest rates and home price appreciation moderation will see a slowdown of homeowner remodeling activity through mid-2023. While growth will soften, annual remodeling expenditures are still projected to expand to approximately $450 billion, according to the recently-released Leading Indicator of Remodeling Activity (LIRA). The Leading Indicator of Remodeling Activity comes courtesy […]

February New Home Sales Flat After Upward Revisions to Prior Months

Mar 26th, 2018

Sales of newly built, single-family homes remained virtually unchanged, inching down 0.6 percent in February to a seasonally adjusted annual rate of 618,000 units after upward revisions to the January, December and November reports, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. “New home […]

The West Drags New Home Sales Down in January

Feb 25th, 2016

A 32.1 percent drop in home sales in the West pulled the overall number of sales down 9.2 in January, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. “Consumers are exhibiting caution in the face of some uncertain market conditions,” says NAHB chief economist […]

Excessive Lending Standards Still Affecting Home Sales

Oct 10th, 2014

Tight mortgage lending standards continue to affect sales for single-family builders across the nation, according to a survey released by the National Association of Home Builders (NAHB). More than half of the single-family builders surveyed indicated that lending standards were “tight” or “very tight,” while only 11 percent indicated that standards were “somewhat easy” and […]

New-Home Sales Down 8.1 Percent in June

Jul 23rd, 2014

Sales of newly built, single-family homes fell 8.1 percent to a seasonally adjusted annual rate of 406,000 units in June, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Sales numbers for May were revised downward to 442,000. “The numbers are a little disappointing, but […]