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New homes sales in November rose to a seasonally adjusted annual rate of 315,000 according to data released today by the Census Bureau and the Department of Housing and Urban Development. This is a 1.6 percent increase from the upwardly revised estimate for October sales of 310,000 and 9.7 percent above the 287,000 pace of new home sales in November 2010. An estimated 22,000 new homes sold during the month. Regionally, sales in the Northeast fell 26.3 percent, the largest decline among the 4 regions...

The sales of new single-family houses fell slightly in July to a seasonally adjusted annual rate of 298,000. The U.S. Census Bureau and the Department of Housing and Urban Development issued the estimated figure on Tuesday and at the same time revised the June new-home sale rate down to 300,000 from the earlier estimate of 312,000. The July figure is a decrease of 0.7 percent from the new June number but is 6.8 percent above the July 2010 estimate of 279,000 new homes sold. There were an estimated...

The Census Bureau and Department of Housing and Urban Development have released New Residential Sales data for May 2011. New Residential Sales data provides statistics on the sales of new privately-owned single-family residential structures in the United States. Data included in the press release are (1) the number of new single-family houses sold; (2) the number of new single-family houses for sale; and (3) the median and average sales prices of new homes sold. New residential sales estimates only...

The Census Bureau and Department of Housing and Urban Development have released New Residential Sales data for April 2011. New Residential Sales data provides statistics on the sales of new privately-owned single-family residential structures in the United States. Data included in the press release are (1) the number of new single-family houses sold; (2) the number of new single-family houses for sale; and (3) the median and average sales prices of new homes sold. A house is considered sold when...

The U.S. Census Bureau and the Department of Housing and Urban Development have released New Residential Construction statistics for March 2011. Housing Starts data estimates how much new residential real estate construction occurred in the previous month. New construction means digging has begun. Adding rooms or renovating old ones does not count, the builder must be constructing a new home (can be on old foundation if re-building). Although the report offers up single family housing, 2-4 unit housing...

The Census Bureau and Department of Housing and Urban Development have released New Residential Sales data for January 2011. New Residential Sales data provides statistics on the sales of new privately-owned single-family residential structures in the United States. Data included in the press release are (1) the number of new single-family houses sold; (2) the number of new single-family houses for sale; and (3) the median and average sales prices of new homes sold. A house is considered sold when...

New Home Sales rose to an annualized rate of 290,000. This is better than the previous month (275,000) but a bit short of the consensus of 300,000. Still... Not outside a reasonable deviation. Geographical discrepancies were highly divergent! Way down in the northeast and way up in the west. Median Sales Prices thankfully rose to get back in line with a previous trend, but remain down -2.7% year over year. ...

Three months after the home buyer tax credit expired, housing is stagnant. This should come as no surprise to folks working in the industry. Most prospective (qualified) homeowners are too worried about further declines in home prices to buy a house. Uncertainty is abundant in all sectors of the economy. When investing outlooks are cloudy and the market's strategic perspective is stuck in the "here and now", a brutal negative feedback loop can arise. Some may refer to this phenomenon as a "downward spiral". ...