Items Tagged with 'New Home Sales'

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Here's the good news behind the volatile new-home sales data

February revised higher
New-home sales numbers from the U.S. Census Bureau can be extremely volatile. Rather than look at the core figures, several chief economists break down what the numbers mean for housing. While the numbers are not as bad as they appear, there are two caveats to be mindful of, according to Trulia's chief economist.
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Homebuilder market index remains unchanged

Last change was slight decrease in January
The housing market index remains unchanged from the past three months. Job availability and low mortgage rates may be pluses, but the low traffic in the market shows some first-time homebuyers still prefer to rent.
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New home sales signal confidence in housing market

At least that's what these economists say
One chief economist noted that housing, first and foremost, is no longer the large net drag on topline activity, but neither is it the primary driver of the economy as it once was. Are their expert comments too rosy for reality?
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Residential housing starts hit 5-month high

Single-family homes demand grows
New residential construction reached its highest in five months as there is a need for single-family homes. Quoted from Marketwatch, Steve Blitz, chief economist at ITG Investment Research said housing continues to be a “bright spot” for the U.S. economy.
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Can new home sales end the housing inventory crisis?

Sales of unbuilt homes hover near a 10-year high
The latest new home sales report presents a more positive forecast on the future of today’s current inventory crisis. The key is in the share of new home sales not started, in other words homes purchased off a plan, which hovers near a 10-year high.
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MBA: New home purchases soared in January

Estimate surpassed expectations
Even though new home purchases dropped 6% in December, for the month of January, the Mortgage Bankers Association’s Builder Application Survey shows mortgage applications for new home purchases increased by 14%.
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New home sales beat expectations, rise 10.8%

Fastest pace since February 2015
New home sales kept pace with previous strong economic housing news this month, except its rise isn’t conditional on TRID. In fact, new home sales rose significantly more than the 2.0% expected, rising from 491,000 to a 544,000 unit pace, the fastest pace since February 2015.
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New homes sales rise in November

Increased over October’s revised lower total
Sales of new single-family houses in November 2015 printed at a seasonally adjusted annual rate of 490,000, according to estimates released jointly Wednesday by the U.S. Census Bureau and the Department of Housing and Urban Development.
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New home sales beat expectations

Rise 10.7%
While sales of new single-family houses in October beat expectations, it still remains volatile month-to-month. As one economist puts it, going forward, housing is likely to continue to be a positive contribution to headline activity although limited.
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