The April New Home Sales report suggests that the market for newly-built homes is as strong as the market for existing ones.
Tag Archive: New Home Sales
Sales of new homes ticked lower in March, unexpectedly.
Sales of new homes fell to the lowest levels in four months last month.
321,000 new homes were sold last month on a seasonally-adjusted, annualized basis. 7 of 10 new homes sold for less than $300,000.
According to the Census Bureau, the number of new homes sold in December 2011 slipped 2 percent to 307,000 units on a seasonally-adjusted, annualized basis nationwide.
Single-family housing starts climbed 4 percent last month to 470,000 units on a seasonally-adjusted, annualized basis. This is the highest number of Single-Family Housing Starts since April 2010 — the last month of last year’s home buyer tax credit.
According to the Census Bureau, the number of new homes sold rose 2 percent in November, taking the metric to a 7-month high.
If you plan to buy of new construction in 2012, don’t expect today’s low prices. Like everything in housing of late, the market for newly-built homes appears to be improving.
Home builders continue to sell homes and work through inventory.
According to the Census Bureau, the number of new homes sold slid for the fourth straight month in August, easing 2 percent from July. On a seasonally-adjusted, annualized basis, home buyers bought 295,000 newly-built homes last month.