The U.S. Census Bureau and the Department of Housing and Urban Development have jointly released NEW RESIDENTIAL SALES for November 2010. The survey is primarily based on a sample of houses selected from building permits. Since a "sale" is defined as a deposit taken or sales agreement signed, this can...
The U.S. Census Bureau and the Department of Housing and Urban Development have jointly released NEW RESIDENTIAL SALES for September 2010. The survey is primarily based on a sample of houses selected from building permits. Since a “sale” is defined as a deposit taken or sales agreement signed...
The S&P Case-Shiller U.S. home price index fell less than expected in the second-quarter as the 20-city composite index posted an annual decline of 15.38%, up from a 14.22% decline in the first quarter. The Case-Shiller index has fallen every month since peaking in July 2006, but economists say the rate...
The Census Bureau and the U.S. Department of Housing and Urban Development jointly released their monthly report on new home sales early Wednesday morning. The report showed new home sales declined once again, this time to a seasonally adjusted annual rate of 588,000 units. The revised December figure...
The sales of new houses continued to decline in December according to monthly data jointly released by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Sales of new one-family houses during December were consummated at a seasonally adjusted annual rate of 604,000, down...
There was the tiniest ray of sunshine in the September New Residential Sales Report issued on Thursday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Good news is usually relative but in the current environment most of us take what we can get and the news that new...
Sales of new homes improved slightly in July with a seasonally adjusted annual sales pace of 870,000, up 2.8 percent above the revised June sales figures. The June number had been particularly dismal at an annualized 834,000 units, well below the 895,000 units analysts had been expecting. The final figure...
On Thursday the Census Bureau and the Department of Housing and Urban Development released figures for new home sales in April that showed a big increase in sales and a drop in both median and average home sale prices. Media coverage has speculated that the both outcomes were a result of price cuts by...
First read the press release issued on Tuesday by the National Association of Realtors regarding data on the sale of existing homes in December and for all of 2006 and then read the New York Times article on the same topic. We will then have a spirited discussion on the subject of reality, slant, and...
Is it the end of the end of the housing bubble ? The National Association of Realtors (NAR) seemed to think so as it issued its November report on the sales of existing houses, the second month in a row when sales showed slight improvement over the previous month. New home sales also showed signs of...