Tag Archives: New Home Sales

New home sales are up from their 2011 trough but still well below their pre-crisis norms.

Existing-home sales were up despite ongoing inventory issues. How will the lack of housing supply affect new home sales for the month of April?

Many housing experts and industry analysts have been talking about it for months, and it remains a problem.

The Fed announced earlier this week that economic growth was not sufficient enough to raise the federal funds rate. The GDP estimate was a mere 0.7 percent for the "advance" estimate for Q4 and just 1.0 percent for the second estimate; what will the third estimate hold?

Recent headwinds have been a hot discussion topic among economists in the last couple of months, particularly since GDP growth totaled only 0.7 percent in the first estimate for Q4. Will the rate of GDP growth rise or fall in the second Q4 estimate?

The June data determined that new single-family home sales were at a seasonally adjusted annual rate of 481,000, 6.8 percent below the revised May rate of 517,000 and is 18.1 percent above the June 2014 estimate of 408,000.

Sales of new single-family homes rose 18 percent year-over-year in June with a seasonally adjusted annual rate of 482,000 compared to June 2014's pace of 408,000, according to the survey.

According to CoreLogic, San Jose, California, was the metro area with the second-highest year-over-year home sales growth with 14 percent. San Jose was one of only two of the top 10 markets for highest year-over-year new home sales growth; the other was Portland, Oregon, which was eighth. Atlanta, Georgia, ranked third at 10 percent.

After trudging along a sluggish track in 2014, the market for new homes is projected to make a comeback next year, Fitch Ratings says in a new forecast.

Sales of newly built homes picked up in October, but a downward revision to September shows numbers in that segment of the housing market remain volatile. The Commerce Department reported Wednesday that sales of new single-family houses were at a ...