New Home Sales Rise For 7th Month Out Of 8

May 24

New Home Sales Rise For 7th Month Out Of 8

May 24, 2012 By Justin Paulhamus Leave a Comment

The April New Home Sales report suggests that the market for newly-built homes is as strong as the market for existing ones. According to the U.S. Census Bureau, the number of new homes sold rose 3.3 percent in April to a seasonally-adjusted, annualized 343,000 units sold -- its second-highest reading since April 2010. April 2010 marked the last month of that year's federal home buyer tax credit program. April's New Home Sales data also marks the 7th of eight consecutive months during … [Read more...]

Filed Under: Selling Real Estate in Washington, DC Tagged With: Buyer, Homebuilder Confidence, Mortgage loan, New Home Sales, New Home Supply, Real estate pricing, Seasonal adjustment, Supply and demand, United States Census Bureau, Washington D.C.

Apr 25

New Home Sales Revised Higher In February; Slip 7% In March

April 25, 2012 By Justin Paulhamus 1 Comment

Sales of new homes ticked lower in March, unexpectedly. Based on Census Bureau data, the number of new, single-family homes sold in March slipped 7 percent from February -- the largest one-month drop in more than a year. On a seasonally-adjusted, annualized basis, buyers in DC and nationwide purchased 328,000 newly-built homes last month. The decrease in sales from February to March can be attributed, in part, though, to a massive upward revision in February's figures. Last month, the … [Read more...]

Filed Under: Selling Real Estate in Washington, DC Tagged With: Buyer, Census Bureau, February, New Home Sales, New Home Supply, Real estate economics, Seasonal adjustment, U.S. Housing Market

Dec 22

Home Supplies Fall To 7.0 Months Nationwide; Buyer Demand Strong

December 22, 2011 By Justin Paulhamus 2 Comments

Home resales moved to a 10-month high in November, the latest in a series of strong showings from the housing sector. According to the National Association of REALTORS®, November's Existing Home Sales rose to a seasonally-adjusted, annualized 4.42 million units nationwide -- a 4 percent climb from October 2011. An "existing home" is a home that has been previously occupied and cannot be categorized as new construction. Home buyers and sellers throughout DC should take note of … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: Existing Home Sales, Existing Home Supply, Home inspection, Housing Starts, Mortgage loan, National Association of Realtors, November, real estate, Real estate pricing, Seasonal adjustment

Oct 27

New Home Inventory Keeps Sinking

October 27, 2011 By Mark Mlakar Leave a Comment

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...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: Buyer, Census Bureau, Home Builders, homes for sale, Mortgage loan, New Home Sales, New Home Supply, Real estate economics, Seasonal adjustment, washington dc

Oct 20

Finding Truth In September’s Housing Starts Report

October 20, 2011 By Mark Mlakar Leave a Comment

Headlines in newspapers can be misleading -- especially with respect to housing figures. Media coverage of the most recent Housing Starts data serves as an excellent illustration. Wednesday, the Census Bureau released its September Housing Starts report. In it, the government said that national Housing Starts rose 15 percent in September as compared to August 2011, tallying 658,000 units on a seasonally-adjusted annualized basis. The September reading is the highest monthly reading since … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: Building Permits, Census Bureau, Construction permit, Housing Starts, MarketWatch, Seasonal adjustment, September, washington dc

Sep 28

New Home Sales Figures Better Than Reported

September 28, 2011 By Mark Mlakar Leave a Comment

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: Census Bureau, homes for sale, New Construction, New Home Sales, New Home Supplies, Real estate economics, Seasonal adjustment, United States Census Bureau, washington dc

Sep 27

Existing Home Sales Jump; Home Supplies Falling

September 27, 2011 By Barbara Morrocco Leave a Comment

Are home resales rebounding? According to the National Association of REALTORS®, Existing Home Sales rose 8 percent in August from the month prior, and 19 percent as compared to August of last year. "Existing homes" are homes that are previously owned; ones that cannot be considered new construction. A total of 5.0 million existing homes were sold last month on a seasonally-adjusted, annualized basis. This is slightly better than the 12-month home resale average, a statistic partially … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: Distressed Homes, Existing Home Sales, Existing Home Supply, Mortgage loan, National Association of Realtors, real estate, Real estate pricing, Seasonal adjustment, washington dc

Sep 23

Building Permits Rising Nationwide; Housing Starts To Follow

September 23, 2011 By Barbara Morrocco 1 Comment

Single-Family Housing Starts fell for the second consecutive month, dropping to a seasonally-adjusted, annualized 417,000 units in August 2011. A "Housing Start" is defined as a home on which ground has broken. We shouldn't put too much faith in the findings, however. Although housing starts were lower last month, as noted by the Census Bureau, the margin of error in the August Housing Starts report exceeded the actual result. From the official report: August's Published Results : … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: Building Permits, Census Bureau, Housing Starts, Seasonal adjustment, washington dc

Aug 24

New Home Supplies Remain Flat; Builders Not Over-Extending

August 24, 2011 By Barry Epstein Leave a Comment

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. The supply of new homes, however, remained flat. July's 6.6 months of supply equaled June's tally and remains near the multi-year low of 6.5 months set in May of this year. The figures suggest a new home market that's finding its balance. Builders are building to meet demand, and not much … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: Census Bureau, New Construction, New Home Sales, New Home Supply, Seasonal adjustment

Aug 23

Existing Home Sales Slip In July

August 23, 2011 By Barbara Morrocco Leave a Comment

Home resales slipped in July. According to the National Association of REALTORS®, Existing Home Sales nationwide fell to 4.67 million units on a seasonally-adjusted annualized basis last month. It's the fourth straight month below the 5 million mark, and the report's lowest reading since November 2010. An "existing home" is a home that's been previously occupied or owned. In addition, the Existing Home Sales report showed home supplies rising nationwide. At the current pace of sales, … [Read more...]

Filed Under: Selling Real Estate in Washington, DC Tagged With: Existing Home Sales, Home Supplies, Mortgage loan, NAR, Real estate pricing, Seasonal adjustment, washington dc