Tag Archives: New Home Sales

New Home Prices by State and Metro — Thanks NAHB

Up until now, while there was a source for median home prices of existing home sales across the metropolitan statistical areas (MSAs) — the National Association of Realtors®, we were flying blind when it came to new home prices. That has all now changed thanks to the National Association of Homebuilders (NAHB) as they have …Read more

Residential Building Permits — Single Family is Flat But Multifamily is Growing, Systematically Under Building

As housing continues to recover, the laggard in the sector is new housing sales. New home sales were essentially flat in the first quarter of this year when to the same period of 2013 – 107,000 in 2014 versus 109,000 in 2013 http://blog.stewart.com/stewart/2014/04/25/new-home-sales-misleading-metrics-downturn-not-as-severe-as-thought-year-over-year-q1-sales-almost-identical/ The same is true for single family residential building permits. Single family …Read more

Price Per Square Foot Rising in Most Markets

As the economy continues to grow jobs, consumer confidence rises and residential rental rates increase, the demand for housing rises. Given a very tight inventory of builder-ready lots, new home construction is trailing demand. As a result, asking prices for both new and existing homes, and ultimately sales prices, are climbing. In some cities prices …Read more