Articles Tagged with ''New Home Sales''

New home sales increase, but remain underwhelming

Despite 3.5% uptick in August, numbers are lackluster
Sales of new single-family houses increased 3.5% to 629,000 in August, up from July’s 608,000 sales and 12.7% above sales in August last year. Zillow Senior Economist Aaron Terrazas said it’s a sign of the times that what might normally be seen as lackluster new home sales is likely to be warmly received.
Read More

Decreasing home sales reveal an underwhelming market

Zillow Senior Economist Aaron Terrazas thinks the market is in trouble
New home sales decreased in July as the market continues to remain relatively static, according to the new report from the Census Bureau and the Department of Housing and Urban Development. Zillow Senior Economist Aaron Terrazas said that home sales once again disappointed expectations, indicating that the market is in trouble.
Read More

Is the housing market standing on shaky ground?

This red flag could signal growth slow down
While most experts agree the housing market is on solid ground, some are beginning to question red flags that are beginning to arise, possibly showing a slowdown in growth. Now, one expert wonders if the current growth in housing and the economy is sustainable headed into the second half of 2018.
Read More

New home sales continue to slip in 2018

But increased slightly from last year
After plummeting in January, new home sales fell slightly lower in February, however, they still remained slightly above last year’s pace. Many experts explained that while new home sales are off to a slow start, they are still expected to pick up later in the year, driving growth in the housing market in 2018.
Read More

Freddie Mac still predicts new home sales to drive 2018 growth

Home price increases to moderate
At the beginning of 2018, new home sales gave the year an unexpectedly low start, however, Freddie Mac still believes they will push the housing market forward in 2018. The GSE explained while existing home sales may struggle to top their best-in-over-a-decade 2017 performance, new home sales should provide enough growth to push total home sales higher in 2018.
Read More

New home sales unexpectedly plummet in January

Falls from decade-high pace set in 2017
New home sales decreased significantly in January, falling from 2017’s decade-high pace. Experts explain the drop was unexpected and disappointing, but point out there are still a few reasons to be optimistic in January’s report.
Read More

New home sales finish 2017 at highest level in a decade

More new homes sold last year than in any year since 2007
Earlier this week, a report from the National Association of Realtors showed that 2017 was the best year for existing home sales since 2006. As it turns out, existing homes weren’t the only ones selling at a record level last year.
Read More