Tag Archives: New Home Sales

New Home Sales October 2017 – Highest in 10 Years

New homes sales surged in October 2017, rising to an estimated 685,000 dwelling units on a seasonally adjusted annualized rate (SAAR).  This is the most seen since the 711,000 level posted 10 years ago in October 2007.  Sales were up 18.7 percent on a year-over-year basis (SAAR) and up 6.2 percent sequentially from September (with …Read more

New Home Sales Wilt in the Heat of Summer in July 2017

New home sales unexpectedly fell 8.9 percent on a year-over-year basis in July 2017, now at an estimated 571,000 unit sales pace on a seasonally adjusted annualized rate (SAAR).  Sales dropped 9.4 percent sequentially from June’s 630,000 pace (SAAR).  Median new-home price was $313,700, up 6.3 percent versus the same month a year ago while …Read more

Housing Sales Forecast July 2017 — Fannie-Freddie-MBA

Each month Fannie Mae, Freddie Mac and the MBA forecast housing sales and price appreciation rates for coming years.   As you will see, there is neither a consensus nor even agreement in how the data are reported.   Fannie Mae and the MBA individually forecast existing home sales and  new single family home sales along with …Read more

Housing Sales Forecast — June 2017

Each month Fannie Mae, Freddie Mac and the MBA forecast housing sales and price appreciation rates for coming years. As you will see, there is neither a consensus nor even agreement in how the data are reported. Fannie Mae and the MBA individually forecast existing home sales and new single family home sales along with …Read more

New Homes Sales the Most in Eight Years in July 2016

New home sales ramped-up in July 2016 to the highest level seen since October 2007, hitting 654,000 new single family dwellings on a seasonally adjusted annualized rate (SAAR). That equates to a 31.3 percent gain versus July 2015, and up 12.4 percent sequentially compared to the revised June 2016 number. The median price was $294,600, …Read more

Another Top-10 List — 2016 U.S. Boom Towns

Regardless how good or bad the U.S. economy is, at any point in time some markets are hot and others are not. Even within a city, some neighborhoods are hot and others not. Jobs are everything. Period. As jobs increase, likewise does construction and household formation rates. To define the hottest markets in the country, …Read more

November 2015 New Home Sales Remain Strong – But These Metrics Are Not Comparable to Existing Home Sales Data

On initial glance, new home sales appear to have weathered the storm much better than existing home sales. November new home sales saw year-over year gains of 9.1 percent and up 4.3 percent sequentially from October 2015 (which was revised downwards from an initial 495,000 sales to 470,000). In comparison, November existing home sales dropped …Read more