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Posts Tagged ‘new home sales’

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    Weak October U.S. home sales, discord among lawmakers over the federal budget and debt and the uncertainty of ongoing economic recovery have homebuilders uneasy about the upcoming winter and spring seasons.

    New home sales dipped 8 percent in October from September, and 6 percent from the same month in 2012, according to John Burns Real Estate Consulting’s monthly survey, cited by the Wall Street Journal. The tumble marked the second consecutive month of falling year-over-year numbers, and the first such falters since early 2011. [more]

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  • New single-family home sales on the rise

    September 25, 2013 02:55PM

    New single-family home sales ticked up slightly in August. Sales rose 7.9 percent above the revised July rate of 390,000 to a seasonally-adjusted annual rate of 421,000, according to estimates released jointly by the U.S. Department of Housing and Urban Development and the Census Bureau. [more]

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  • The latest figures on new U.S. home sales were less than thrilling, but the lackluster numbers may have the unexpected perk of lowering new home prices. [more]

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  • Sales of new single-family homes were up in July, according to the latest estimates from the U.S. Department of Housing and Urban Development and the Census Bureau, released today. The numbers represent an increase of 6.8 percent, to 394,000 from 369,000, in July 2012. However, the figure is 13.4 percent lower than the June 2013 total of 455,000. [more]

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  • New single-family home sales spiked last month, according to a release issued by the U.S. Census Bureau and the Department of Housing and Urban Development. September’s numbers have reached their highest level since April 2010, when a first-time buyer tax credit gave sales got a boost, Reuters reported.

    Sales gained 5.7 percent in September to a seasonally adjusted rate of 389,000 units. August’s number initially came in at 373,000 units, as The Real Deal previously reported, but was revised down to 368,000. Year-over-year, September’s seasonally adjusted rate shows a 27.1 percent year-over-year gain. [more]

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  • The housing market still has a pulse, experts say. Purchases of new U.S. single-family homes slipped 0.3 percent month-over-month and 27.7 percent year-over-year to a seasonally adjusted rate of 373,000 in August, according to data released today by the U.S. Census Bureau and the Department of Housing and Urban Development. Despite the slight fall from July, when the revised rate came in at 374,000, the numbers remain close to the two-year high. [more]

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    Tom Porcelli, RBC’s chief economist
    Showing some positive signs, the number of nationwide sales of newly built, single-family homes posted a 3.6 percent month-over-month rise in July, according to data released today by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Homes were sold at a seasonally adjusted rate of 372,000 (see video after the jump)…. [more]

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    Nationwide sales of new single-family homes plummeted 8.4 percent in June, according to data released today by the U.S. Census Bureau and the Department of Housing Preservation and Development. Homes were sold at a seasonally adjusted annual rate of 350,000, which remains 15.1 percent above the rate during June 2011 (see video after the jump).

    This month’s dramatic decline offsets a huge increase reported in May that ballooned by an additional 3.5 percent, to 382,000, in a revised estimate released today, exacerbating the sales declines…. [more]

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  • A McMansion

    McMansions, a housing type left for dead following the real estate crash, powered yesterday’s positive new home sales report, builders told the Wall Street Journal. During the recession the average size of U.S. homes shrunk 3.4 percent to 2,382 square feet, but in 2011 the average size actually grew 5.2 percent to 2,505 square feet. [more]

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  • Based on last months’ new homes sales data, the housing recovery is still on shaky ground. According to the U.S. Commerce Department, sales of new single-family homes fell 1.6 percent between January and February to a seasonally adjusted annual rate of 313,000. That is 11.4 percent above February 2011′s figure, but the lowest recorded since October. [more]

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  • Sales of new homes in January decreased from a December crescendo, but remained far above last year’s levels, according to a report released today by the U.S. Census Bureau and the Department of Housing and Urban Development.

    Twenty-two thousand new homes were sold in January, for a seasonally adjusted annual rate of 321,000, 0.9 percent less than the adjusted rate from December, but 3.5 percent greater than the rate in January 2011. [more]

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  • New U.S. home sales down in August: report

    September 26, 2011 02:18PM

    Sales of newly built, single-family homes declined 2.3 percent to a seasonally adjusted annual rate of 295,000 units in August, according to data from the U.S. Commerce Department released today, a decline from 302,000 in July.

    The inventory of new homes for sale fell to 162,000 units in August, a new record low. However, due to the slower sales pace, the month’s supply of new homes rose slightly, to 6.6 percent. -- Miranda Neubauer
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  • After a positive April, new U.S. home sales fell by 2.1 percent in May 2011, according to data released today by the Department of Commerce. Sales of new single-family homes were at a seasonally adjusted annual rate of 319,000, still 13.5 percent more than the 281,000 rate achieved in May 2010. This month’s tally marks the third best rate of home sales recorded in the last 13 months, but continues the up-and-down trend of new home sales experienced over the last year. … [more]

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  • In a small boost for the flailing housing market, U.S. sales of new single-family homes rose by 11.1 percent in March 2011 to 300,000, exceeding the appalling February low of 270,000. They still fell, however, 21.9 percent lower than the same figures last year, according to data released today by the Commerce Department. The median sales price of new homes sold in March 2011 was $213,800 compared with $207,700 in February; the average sales price was $246,800. The seasonally adjusted estimate of new homes for sale at the end of March was 183,000. That represents a supply of 7.3 months at the current sales rate. Sales were up 66.7 percent in the Northeast, and down only 0.6 percent in the South since February.TRD
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  • Even as new U.S. home sales plunged to a record low in February, home builder Lennar Corp. posted an unexpected profit for the three months that ended Feb. 28 thanks to cost-cutting measures and investments in distressed real estate assets, the Miami-based company said this morning. Lennar’s net income for the first quarter of $27.4 million, or 14 cents per share, well above analysts’ predictions of a loss of 7 cents per share. Analysts told Bloomberg News that the boost came largely from its Rialto Capital subsidiary, which was launched in 2007 to focus on distressed properties and loan workouts and was responsible for $11 million in operating income during the first quarter. … [more]

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  • Even though sales are lethargic in the new home market nationwide, home builder stocks are hanging tough, according to CNNMoney. Despite a 17 percent drop in the number of new homes sold between February and January, major U.S. home builders like Ryland, KB Home and Lennar have seen their shares stay relatively flat recently, while PulteGroup actually saw its shares climb 3 percent. Ryan Detrick, a senior technical strategist with Schaffer’s Investment Research, said he’s encouraged by the builders’ stock performance. “I’m not saying you should go buy a house because nobody knows where prices are going,” Detrick said. “But even though the data is terrible, builder stocks are holding up.” [CNNMoney]

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  • Sales of new U.S. single-family homes rose to their highest level in eight months in December, after surging 17.5 percent over the rate of new home sales recorded the month before, according to the latest report from the U.S. Census Bureau and the Department of Housing and Urban Development. As 2010 came to a close, new homes were selling at an annual rate of 329,000 — 7.6 percent below the December 2009 rate of 356,000 — with a median price of $241,500. Overall, there were 321,000 new homes sold in 2010 at a median price of $221,900. TRD

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  • New home sales improved last month across the country, but at a slower rate than some housing analysts had expected. According to the Department of Commerce’s November figures, released today, sales of new single-family homes were at an annual rate of 290,000 — 5.5 percent above October’s rate but 21.2 percent below that of November 2009, when 368,000 such properties were selling per year. TRD[more]

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  • New US single-family home sales down

    June 23, 2010 01:00PM

    Sales of new single-family homes nationwide are on the decline, according to data released today by the Department of Commerce. New home sales were at a seasonally adjusted rate of 300,000 last month, according to the Commerce report, down 32.7 percent from April’s rate of 446,000 and down 18.3 percent from May 2009′s rate of 367,000. The decline comes on the heels of the federal first-time homebuyer tax credit program’s April 30 expiration, which some analysts had predicted would precipitate a significant decline in sales. TRD

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  • New US single-family home sales down

    June 23, 2010 01:00PM

    Sales of new single-family homes nationwide are on the decline, according to data released today by the Department of Commerce. New home sales were at a seasonally adjusted rate of 300,000 last month, according to the Commerce report, down 32.7 percent from April’s rate of 446,000 and down 18.3 percent from May 2009′s rate of 367,000. The decline comes on the heels of the federal first-time homebuyer tax credit program’s April 30 expiration, which some analysts had predicted would precipitate a significant decline in sales. TRD

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