Posts Tagged ‘ new home sales ’

New Home Sales Up in November

Jan 4th, 2023

Data released by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau just before Christmas shows that sales of newly built, single-family homes in November increased 5.8% to a seasonally adjusted annual rate of 640,000. At the same time, on a year-to-date basis, new home sales are down 15.2%. The National […]

New Home Sales Fall to Lowest Pace in More than Six Years

Aug 29th, 2022

The National Association of Homebuilders (NAHB) reported last week that new home sales in July fell to their lowest level since January 2016. Tepid sales pace matches declining builder confidence as reported by the association since the beginning of the year, as the industry grapples with supply chain disruptions that are delaying new home building […]

Continued High Consumer Demand Leads to Jump in New Home Sales

Dec 28th, 2021

Newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau shows that new home sales posted a solid gain last month, driven by strong buyer demand, low existing home inventory and buyers’ anticipation of higher mortgage rates. “Our members are seeing strong buyer traffic as continued low mortgage […]

January: New Home Sales Higher, Supply Concerns Remain

Feb 26th, 2021

A combination of low interest rates, favorable demographics and a suburban shift for home building to smaller, more affordable housing markets created a strong demand that helped to lift new home sales in January, but rising lumber and material costs continue to threaten the momentum. Newly released data by the U.S. Department of Housing and […]

After Strong Summer Surge, September New Home Sales Hit Pause

Oct 27th, 2020

Newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau shows that sales of newly built, single-family homes in September fell 3.5 percent to 959,000, which is down from a revised August. However, the September 2020 rate is 32.1 percent higher on a year-to-date basis than the September […]

New Home Sales Hold Steady in April

May 26th, 2020

In a sign that the housing market is stabilizing in the wake of COVID-19, sales of newly built, single-family homes rose 0.6% to a seasonally adjusted annual rate of 623,000 units in April, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The April rate […]

Single-Family Home Sales Reflect Challenges Faced by Homebuilders

Jun 7th, 2019

As homebuilders continue to face challenges when it comes to labor shortages, lot prices and increasing costs for materials, officials from the National Association of Home Builders (NAHB) say they’re also seeing decreases in single-family sales. In the meantime, a survey of NAHB members indicates that builders are packing up and moving to the exurbs, […]

New Home Sales Drop in October

Nov 30th, 2018

According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, newly built single-family home sales dropped to a seasonally adjusted rate of 544,000 in October. The National Association of Home Builders (NAHB) reports this is the lowest sales pace since December 2016. Even so, sales are up 2.8 percent from […]

New Home Sales Show Lowest Numbers Since 2016

Oct 25th, 2018

Newly built single-family home sales dropped to a seasonally adjusted annual rate of 553,000 units according the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The National Association of Home Builders (NAHB) reports this is the lowest sales pace since December 2016. Although based on a year-to-date basis, single-family sales are […]

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 […]