Login  |  Create Account
Apr 25

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

New Home Sales

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...]

Dec 22

Home Supplies Fall To 7.0 Months Nationwide; Buyer Demand Strong

Existing Home Supply November 2011

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...]

Oct 27

New Home Inventory Keeps Sinking

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...]

Oct 20

Finding Truth In September’s Housing Starts Report

octhousingstarts

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...]

Sep 28

New Home Sales Figures Better Than Reported

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...]