Items Tagged with 'New Home Sales'

ARTICLES

  • Sales of new homes drop 6.9% in April from March's 11-year high

    The level remains 7% higher than a year ago
    Sales of new houses dropped in April from an 11-year high in March, according to a report from the Census Bureau and the Department of Housing and Urban Development. New-house sales fell 6.9% to a 673,000 annualized pace last month from March’s upwardly revised rate of 723,000. Even with the decline, April’s level sits 7% higher than a year ago.
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  • NAR’s Yun forecast for 2019 housing sales: New homes will drive market gains

    New home sales should reach a 12-year high as builders scramble to meet demand
    New home sales probably will reach a 12-year high in 2019, according to Lawrence Yun, chief economist of the National Association of Realtors. Sales of existing homes probably will be flat, he said at NAR’s Legislative Meetings & Trade Expo in Washington D.C. on Thursday.
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  • Falling mortgage rates propel 4.5% growth in new home sales

    Sales rise 3% above 2018 levels
    In March, new home sales rose 4.5% from February’s revised rate of 662,000, according to the latest report from the Census Bureau and the Department of Housing and Urban Development. Despite this growth, Navy Federal Credit Union Corporate Economist Robert Frick says there are still far too few homes being built.
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  • Redfin: Lackluster home price growth eases housing market competition

    Prospective homebuyers are the real winners
    In February, home sales increased only 0.6% from last year, marking the smallest annual increase since March 2012, according to new data from Redfin. Chief Economist Daryl Fairweather said since homes are now sitting on a less competitive market, first-time homebuyers now have a better chance of winning a home.
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  • New home sales fall further than anticipated to 6.9%

    Sales fall 4.1% below 2018 levels
    New home sales cooled off in January, according to the latest report from the Census Bureau and the Department of Housing and Urban Development. However, Navy Federal Credit Union Corporate Economist Robert Frick said with mortgage rates retreating, prices moderating and some improvement in supply on the way, 2019 may develop into a much better home hunting ground.
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  • New home sales rise 3.7% in December, signaling promising spring home buying season

    But level still remains 2.4% below 2017 levels
    New home sales rose 3.7% in December 2018, according to the latest report from the Census Bureau and the Department of Housing and Urban Development. Realtor.com Chief Economist Danielle Hale said some housing indicators, such as mortgage applications and pending home sales, are starting to show signs of life, suggesting that some thawing could be ahead as we approach spring home buying season.
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  • Redfin: Fewer Americans bought new homes in January

    New home sales retreated the most in the West
    In January, new home sales fell 8% on an annual basis, declining the most in western housing markets, according to the latest data from Redfin. Redfin Chief Economist Daryl Fairweather said homebuyers understand that the market is shifting in their favor, which is dampening sales of new homes.
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  • Good news homebuyers, there are more homes for sale

    In January, inventory increases at the fastest rate in nearly four years
    In January, the number of homes newly listed for sale rose 4.4% from the previous year, pushing inventory up 6.3%, according to new data from Redfin. Redfin Chief Economist Daryl Fairweather said things are looking good for buyers in 2019, as the supply of homes for sale is increasing at the fastest rate in nearly four years.
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  • New home sales rose 16.9% in November, but were still down from 2017

    Sales of new single-family homes down 7.7% from 2017
    After experiencing the longest recorded partial government shutdown in American history, the Census Bureau and HUD finally released November’s new home sales data. According to their data, new home sales rose 16.9% in November. However, Zillow Senior Economist Aaron Terrazas said that even after an autumn that proved stronger than first reported, new home sales were poised to end 2018 down decidedly from a year ago.
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  • Zillow: Home value appreciation slows nationwide

    Seattle experienced most significant depreciation
    In December 2018, the median U.S. home appreciated 7.6% year over year in value, totaling $223,900, according to Zillow’s latest housing market report. This latest data is yet another sign that home prices are appreciating at a slower rate.
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