Items Tagged with 'New Home Sales'

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Experts: New home sales need to double to hit historic norms

Experts point out new home sales still high compared to 2016
After several months of high gains in new home sales, sales of new single-family homes came tumbling back down in April. Many experts agree the drop was somewhat expected and remains high compared to last year. However, new home sales still lag behind the historic average.
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New home sales plummet more than 11% in April

Housing inventory sees relief
New home sales plummeted in April from the previous month, possibly showing a new cooling in the market. As home sales dropped, so did home prices even as housing inventory increased. But does this mean the market is cooling off? Perhaps only time will tell.
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New home sales soar above market expectations

Increased over 15% from last year
New home sales surged in March with double digit increases from last year and even significant progress from February. The numbers beat the market’s expectations, and one expert points out the spring home-buying season is already off to a busy start.
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New home sales surge, beat expectations in February

Median home prices fall
New home sales surged in February, beating out expectations. However, even as home sales rose and inventory tightened, the median home price fell for the second consecutive month. In fact, new homes aren’t the only sales to see a relief in rising homes prices.
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New home sales are up, but pace disappoints

Housing inventory remains down
New home sales increased in December, but industry experts are not impressed. Given the unusually high temperatures throughout the winter and the high demand for housing, experts expected new home sales to come out with much stronger numbers.
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New home sales drop more than 10% in December

Actually up 12% for 2016
Following the drop witnessed earlier this week in existing home sales, new home sales followed suite and dropped in December. However, performance was still up for the year as 2016 saw an increase in new home sales by more than 12%.
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MBA: New home sales rise 12% in November

But is it enough?
Mortgage applications for new homes increased in November thanks to continued improvements in the overall economy and job growth. However, there’s still a lot of room for growth. Lynn Fisher, MBA’s vice president of research and economics, explains what’s ahead for housing.
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New home sales increase nearly 30% in September

Home supply gets slightly better
Home sales increased in September after dropping the month before. However, although many economists expected this increase, noting that it showed strength in the economy, not everyone agreed. One thing they did all agree on: there is still room for more growth.
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