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...
It's been a rough week for the housing market. Homebuilder confidence is in the gutter, existing home sales fell substantially and the bad news emanating from the subprime debacle continues top headlines. Now we have new home sales and builders reporting earnings. Sales of new one-family homes in June...
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...
Reports on the sales of both new and existing homes were released on Friday, March 23 and Monday, March 26 and they pointed in distinctly opposite directions. The National Association of Realtors (NAR) released figures showing an unexpected surge in existing home sales for February on the heels of a...
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...
Information on March figures for both existing and new house sales were released this week and figures show a moderate slowing from similar data one year ago but with a gradual upswing from first quarter 2006 figures. This might indicate that " The Spring Market " is still alive and well. Existing home...