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.
This Holiday Season, Think Twice Before Saving 15 Percent At The Register
With Halloween behind us, retailers are in the Holiday Spirit. Businesses know that consumers spent a median $556 on holiday gifts last year and they want this year to be just as strong.
New Home Inventory Keeps Sinking
Home builders continue to sell homes and work through inventory.
New Home Sales Figures Better Than Reported
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.
New Home Supplies Remain Flat; Builders Not Over-Extending
Sales of newly-built homes slipped in July, falling 1 percent as compared to June. Home buyers closed on a seasonally-adjusted, annualized 298,000 units, the lowest reading since February.
New Home Supplies Keep Shrinking; Prices Pressured Higher
According to Census Bureau data, the number of new homes slid 1 percent from May. On a seasonally-adjusted, annualized basis, home buyers bought 312,000 newly-built homes last month.
New Home Supplies Drop, And So Does Homebuilder Confidence
Last month, the number of new homes sold on an annualized, seasonally-adjusted basis tallied 319,000. The May reading is the second-highest of the year, and 6 percent above the current 12-month average.
New Home Sales Increase For The Second Straight Month
Sales of newly-built homes surprised Wall Street, jumping 7 percent to an seasonally-adjusted, annualized 323,000 units last month.
New Home Supply Falls To 16-Year Low
Based on joint research from the Census Bureau and HUD, 300,000 new, single-family homes were sold on a seasonally-adjusted, annualized basis in March. It’s an 11 percent improvement from February.
Pending Home Sales Rebound; Suggest Brighter Spring For Housing
February’s Pending Home Sales Index rebound breaks a 2-month losing streak, and reverses recent downward momentum in housing.