MND NewsWire : new home sales

New Home Sales Fall For First Time in Six Months

Adam Quinones — Wed, 28 Oct 2009 19:42:00 GMT

This month single family new home sales fell for the first time since March. The annual pace of new homes sales was 402,000 sales per year, well below economist expectations for a pace of 440,000 annual new home sales. This is a 3.6% month over month decline. August new home sales data was also revised lower, from 429,000 to 417,000 sales per year. New home supply was unchanged at 7.5 months. The median home sale price was 204,800, 9.1% lower from September 2008. New home sales in the Northeast were unchanged, the Mid-West was 34% higher, the South experienced 10% less new home sales, and the West was 10.6% slower. Once again, only one geographical region experiences growth....(read more)

New Home Sales Jump in June

Patrick McGee — Mon, 27 Jul 2009 14:46:00 GMT

The morning began with great news for the housing market. Sales of new single-family homes shot up 11% in June ― the biggest one-month jump in eight years ― bringing the annual pace of sales to 384,000, well above the market consensus of just 350,000. “This report along with recent data on housing starts and existing home sales tells us the housing sector is finally in recovery mode,” said Joseph LaVorgna, chief US economist at Deutsche Bank. “This will go a long way to eventually helping to stabilize the economy in the second half of this year and to provide us with much better overall economic growth prospects next year.”...(read more)

The Week Ahead: Housing Data, Treasury Auctions, Q2 GDP Estimates

Patrick McGee — Mon, 27 Jul 2009 12:06:00 GMT

Housing data and Treasury auctions totaling $115 billion dominate the calendar between Monday and Thursday, but the big news this week will be the first official estimate of second-quarter GDP, which comes out Friday. Analysts look for a quarterly drop of 0.7%, a significant improvement following a -5.5% drop in Q1....(read more)

Mid-Morning Recap: Markets Digest Mixed Economic News

Patrick McGee — Thu, 28 May 2009 16:01:30 GMT

Markets opened higher Thursday morning following the pre-session release of Durable Goods and Jobless Claims , but indexes began to fall after the 10am release of New Home Sales, which failed to gain as much as predictions. Roughly 90 minutes into the session, the S&P 500 has just begun climbing back with a 0.28% gain to 895, while the Dow is moving upwards but remains down 0.17% to 8286, and the Nasdaq has shed 0.1% to 1729. The day had started positively with a 1.9% advance in Durable Goods...(read more)

Minor Gain in April Sales of New Homes

Patrick McGee — Thu, 28 May 2009 14:30:23 GMT

No major surprises in the New Home Sales index for April. Sales of single-family houses saw a 0.3% advance to an annual pace of 352,000 in April, according to the Census Bureau on Thursday. The gain is minor, but some believe the housing market has shown signs of stabilization recently. “Unit new home sales continue to show signs of bottoming during the year's peak Spring selling season,” said John Herrmann, president of Herrmann Forecasting. “However, given our outlook that...(read more)

New Home Sales Unexpectedly Surge 4.7%

CEP News Feed — Wed, 25 Mar 2009 15:08:19 GMT

New home sales in the U.S. unexpectedly rose in February, the Department of Commerce reported Wednesday. Meanwhile, the median sale price continued to fall. New home sales rose to an annualized pace of 337k, a 4.7% increase from January, the report said...(read more)

New Home Sales Plunge 10.2%, Beyond Expectations

CEP News Feed — Thu, 26 Feb 2009 15:35:05 GMT

New home sales in the U.S. fell much more than expected in January, the Department of Commerce reported Thursday. Meanwhile, the median sale price fell to $201,100. New home sales fell to an annualized pace of 309k, a 10.2% decline from December, the...(read more)

New Home Sales Plunge 14.7% in December to Slowest Pace on Record

CEP News Feed — Thu, 29 Jan 2009 15:18:40 GMT

New home sales in the U.S. fell much more than expected in December to their slowest pace on record, the Commerce Department reported Tuesday. Meanwhile, the median sale price fell to $206,500. New home sales fell to an annualized pace of 331k, a 14.7...(read more)

New Home Sales Fall Less than Expected in November Due to Revisions

CEP News Feed — Tue, 23 Dec 2008 16:23:15 GMT

New home sales in the U.S. fell less than expected in November on the back of a downward revision to the previous month, the Commerce Department reported Tuesday. Meanwhile, the median sale price rose to $220,400. New home sales fell to an annualized...(read more)

New Home Sales Fall 5.3% in October

CEP News Feed — Wed, 26 Nov 2008 15:26:54 GMT

New home sales in the U.S. fell more than expected, declining 5.3% in October to an annual pace of 433k, according to a report from the Commerce Department on Wednesday. The previous month's gain was revised downward to 0.7%. Economists were expecting...(read more)

The Day Ahead: Mortgage Applications, New Home Sales, PCE Core, Jobless Claims

CEP News Feed — Wed, 26 Nov 2008 00:50:30 GMT

It's another busy day Wednesday ahead of the Thanksgiving holiday, with the release of U.S. personal income , the PCE Core Deflator , new home sales , durable goods and weekly jobless claims . U.S. durable goods are expected to fall 3.0% in October...(read more)

Preview: New Home Sales Expected to Fall to 17-Year Low in October

CEP News Feed — Tue, 25 Nov 2008 22:45:51 GMT

More gloomy news for the housing market is expected with the release of the U.S. new home sales report for October, which is expected to reach a 17-year low. Economists polled by Bloomberg expect new home sales to fall a further 5% to an annualized pace...(read more)

New Home Sales Rise 2.7% in September

CEP News Feed — Mon, 27 Oct 2008 14:16:30 GMT

New home sales in the U.S. rose slightly more than anticipated, moving up 2.7% in September to an annual pace of 464k, yet the previous month's tumble was revised downward to a 12.6% decrease, according to a report from the Commerce Department on...(read more)

Monday's Events: U.S. New Home Sales, Bond Auctions, ECB's Trichet

CEP News Feed — Mon, 27 Oct 2008 13:40:01 GMT

U.S. new home sales and a series of bond auctions are the highlights of Monday's economic events along with comments from European Central Bank President Jean-Claude Trichet speaking in Madrid. At 9:55 a.m. EDT, European Central Bank President Jean...(read more)

Double-Digit Decline in New Home Sales Suggests Turnaround is Months Away

CEP News Feed — Thu, 25 Sep 2008 15:01:13 GMT

August recorded a substantial decline in the pace of new home sales , even with the median price for a home falling 5.5% in the month. The pace of sales fell 11.5% over the month, pushing the annual rate of sales down to 460k from the 520k pace in July...(read more)