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Oct 26

New Home Supply Remains Firmly In “Seller’s Market” Territory

October 26, 2012 By Leave a Comment
New Home Supply Remains Firmly In "Seller's Market" Territory

The U.S. housing market appears headed for a strong close to 2012. According to the U.S. Census Bureau, the number of new homes sold jumped to 389,000 units in September 2012 on a seasonally-adjusted, annualized basis. Not since the expiration of the $8,000 federal home buyer tax credit in April 2010 have new homes sold at such volumes. September's tally marks a 5.7 percent increase from the month prior, and a 27 percent increase from September 2011. There are now just 145,000 new homes … [Read more...]

Filed Under: Buying Real Estate in Washington, DC, Selling Real Estate in Washington, DC Tagged With: , , , , , , , , ,
Oct 27

New Home Inventory Keeps Sinking

October 27, 2011 By Leave a Comment
newhomesupply

Home builders continue to sell homes and work through inventory. According to data from the Census Bureau, the number of new homes sold in September jumped 6 percent from the month prior, beating analyst expectations. On a seasonally-adjusted, annualized basis, buyers in District of Columbia and nationwide closed on 313,000 newly-built homes last month. It's the highest reading since April and a major reason why the available number of new homes for sale is shrinking. As compared to … [Read more...]

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Sep 28

New Home Sales Figures Better Than Reported

September 28, 2011 By Leave a Comment
newhomesales

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. August marked the lowest new home sales tally since February. News outlets are jumping on the story, with at least one calling it a "blow" to the housing market. That's an unfair assessment. It's tough for the new home market to tally big sales numbers … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: , , , , , , , ,
Jul 27

New Home Supplies Keep Shrinking; Prices Pressured Higher

July 27, 2011 By Leave a Comment

Home builders are slowly reducing inventory. 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. It's the third straight month of falling sales and the headline data casts the DC housing market in a negative light. Upon closer inspection, however, the numbers appear quite strong. First, sales are down marginally. Total units sold have dropped just 2 … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: , , , , , ,
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