Tag Archives: New Home Sales

New Single Family Home Sales Jump 14.1 Percent Vs A Year Ago in May 2018, Median Price Down 3.3 Percent to $313,000

New single family residential (SFR) home sales of 689,000 on seasonally adjusted annualized rate (SAAR) were up 14.1 percent versus a year ago and 6.7 percent sequentially from April.   Other than the 712,000 SAAR rate posted in November 2017, this is the greatest level seen since October 2007.  Year-to-date new home sales are up 8.8 …Read more

New Home Sales in February 2018 Flat Versus a Year Ago

New homes sales of 618,000 on seasonally adjusted annualized rate (SAAR) were essentially unchanged from both a year ago and the prior month.    There were 305,000 new homes available for sale at the end of February 2018 equating to an estimated 5.9 months inventory.  In comparison, existing homes had a miniscule 3.4 month inventory …Read more

New Home Sales Hit a 10-Year High in November at 773,000 Dwellings on a Seasonally Adjusted Annualized Rate, Median Price $318,700

New homes sales continued a rapid gain in November 2017, rising to an estimated 773,000 dwelling units on a seasonally adjusted annualized rate (SAAR).   The last time sales on a SAAR were greater was August 2007 at 795,000.   Sales were up 26.6 percent on a year-over-year basis (SAAR) and up 17.5 percent sequentially from October. …Read more

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