Tag: home sales

New Home Sales Reach Highest Level Since Great Recession

Filed in Economics by on July 24, 2020 1 Comment
New Home Sales Reach Highest Level Since Great Recession

In a sign that the housing market is leading the economy during the coronavirus outbreak, sales of newly built, single-family homes rose to their highest level since the Great Recession, up 13.8% to a seasonally adjusted annual rate of 776,000 units in June, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

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More Than Half of Builders Used Incentives to Boost Sales in May

Filed in Disaster Response, Economics by on June 1, 2020 1 Comment
More Than Half of Builders Used Incentives to Boost Sales in May

The NAHB/Wells Fargo Housing Market Index survey conducted in May 2020 reveals that more than half of single-family builders are using incentives to bolster sales and/or limit cancellations. This is essentially the same share of builders that were providing incentives during normal market conditions in 2003. By contrast the percentage of builders providing sales incentives was far higher during the Great Recession.

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Builders Employ Several Strategies to Keep Selling Homes During Pandemic

Filed in Disaster Response, Economics, Safety by on April 20, 2020 2 Comments
Builders Employ Several Strategies to Keep Selling Homes During Pandemic

A recent survey of NAHB members reveals they are implementing several measures to allow them to continue selling homes during the coronavirus pandemic. The most common strategy is private showings of model homes, with 59% of builders saying they doing this already or planning to in the near future.

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Sales Data Shows Housing on Strong Footing Prior to Virus Concerns

Filed in Economics by on March 24, 2020 0 Comments
Sales Data Shows Housing on Strong Footing Prior to Virus Concerns

Sales of newly built, single-family homes fell 4.4% to a seasonally adjusted annual rate of 765,000 units in February, coming off a sharp upward revision in January, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The January and February readings mark the highest monthly sales paces since July 2007.

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New Home Sales Strong at Start of 2020

Filed in Economics by on February 26, 2020 2 Comments
New Home Sales Strong at Start of 2020

Sales of newly built, single-family homes rose 7.9% to a seasonally adjusted annual rate of 764,000 units in January, coming off an upward revision in December, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This is the highest monthly sales pace since July 2007.

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2019 New Home Sales Up 10% Over Previous Year

Filed in Economics by on January 27, 2020 4 Comments
2019 New Home Sales Up 10% Over Previous Year

Sales of newly built, single-family homes declined 0.4% to a seasonally adjusted annual rate of 694,000 units in December, coming off a downward revision in November, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The monthly number is 23% higher than the December 2018 pace.

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New Home Sales Trend Higher in November

Filed in Economics by on December 23, 2019 0 Comments
New Home Sales Trend Higher in November

Sales of newly built, single-family homes increased 1.3% to a seasonally adjusted annual rate of 719,000 units in November, off a downwardly revised October reading, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

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New Home Sales Post Strong Pace in October

Filed in Economics by on November 26, 2019 1 Comment
New Home Sales Post Strong Pace in October

Sales of newly built, single-family homes decreased 0.7% to a seasonally adjusted annual rate of 733,000 units in October, off strong upward revisions to the September reading, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. On a year-to-date basis, new home sales for 2019 are 9.6% higher than the same period in 2018.

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New Home Sales Post Solid Gains in August

Filed in Economics by on September 25, 2019 0 Comments
New Home Sales Post Solid Gains in August

Sales of newly built, single-family homes increased 7.1% to a seasonally adjusted annual rate of 713,000 units in August off a revised upward reading in July, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

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New Home Sales Solid in July, as June Numbers Strongly Revised Upwards

Filed in Economics by on August 23, 2019 0 Comments
New Home Sales Solid in July, as June Numbers Strongly Revised Upwards

Sales of newly built, single-family homes fell 12.8% to a seasonally adjusted annual rate of 635,000 units in July, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The same report reveals that home sales were sharply revised upward in June to a post-recession high of 728,000 units.

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