new home sales - Articles

New Home Sales Fall to 5-Month Low

Tony Dejak/AP By Lucia Mutikani WASHINGTON -- Sales of new U.S. single-family homes fell more than expected and hit a five-month low in February, pointing to continued weakness in the housing market. The Commerce Department said Tuesday that sales fell 3.3 percent to a seasonally adjusted annual rate of 440,000 units,... Continue Reading »

New Home Sales Surge Nearly 10% in January

Justin Sullivan/Getty Images By Lucia Mutikani WASHINGTON -- Sales of new U.S. single-family homes surged to a 5½ year high in January, which could ease concerns of a sharp slowdown in the housing market. The Commerce Department said Wednesday that sales jumped 9.6 percent to a seasonally adjusted annual rate of... Continue Reading »

New Home Sales Not So Merry in December

Chuck Burton/AP By Lucia Mutikani WASHINGTON -- Sales of new U.S. single-family homes fell more than expected in December, but lean inventories and steady price gains suggested sufficient strength in the housing market to support the economy. Other data released Monday showed that the private sector maintained its growth... Continue Reading »

New Home Sales Rise but Hold Near Lowest Levels of 2013

Daniel Acker/Bloomberg via Getty Images By Jason Lange WASHINGTON -- Sales of new single-family homes in America rose in August but held near their lowest levels this year, a sign that a sharp rise in interest rates is weighing on the U.S. economy. Sales rose 7.9 percent to an annual rate of 421,000 units, the Commerce... Continue Reading »

Sales of New Homes Rise to 5-Year High as Prices Soar

Mike Groll/AP By Lucia Mutikani WASHINGTON -- Sales of new U.S. single-family homes vaulted to a five-year high in June, showing little signs of slowing in the face of higher mortgage rates. The Commerce Department said Wednesday sales increased 8.3 percent to a seasonally adjusted annual rate of 497,000 units, the... Continue Reading »

Rising Mortgage Rates Might Snarl Sales of New Homes

By Diana Olick Sales of newly built homes rose to their highest level in five years in May, according to numbers compiled by the U.S. Census, but those numbers are at risk of being wrong. They are based on signed contracts, not closings, for homes, many of which have not yet been built. Those contracts were signed well... Continue Reading »

New Home Sales Up 2.3% in April as Median Price Hits Record High

WASHINGTON -- Sales of new homes rose in April to the second highest level since the summer of 2008 while the median price for a new home hit a record high, further signs that housing is recovering. New-home sales rose to a seasonally adjusted annual rate of 454,000 in April, the Commerce Department said Thursday. That... Continue Reading »

New Home Sales Took a Tumble in February

Sales of new U.S. single-family homes fell more than expected in February after hefty gains the previous month, but steady gains in home prices suggested the housing market recovery remains intact. The Commerce Department said on Tuesday sales dropped 4.6 percent to a seasonally adjusted annual rate of 411,000 units.... Continue Reading »

Homebuilder Confidence Shaken by Fear of Too Much Demand

By Alex Veiga Confidence among U.S. homebuilders fell this month because of concerns that increased demand for new homes is exceeding supplies of ready-to-build land, building materials and workers. In the short term, those constraints could slow sales. But builders' outlook for sales over the next six months has... Continue Reading »

U.S. New-Home Sales Jump to Highest Since July 2008

U.S. new-home sales jumped in January from the previous month to the highest level since July 2008, a sign that the housing recovery is accelerating. The Commerce Department said Tuesday that new-home sales rose nearly 16 percent in January to a seasonally adjusted annual rate of 437,000. The percentage increase was the... Continue Reading »

New Home Sales Boost at End of 2012 Is Good Sign for Economy, Experts Say

The number of new-home sales across the nation increased in November from both the month and year before, and experts say this is a good sign for the economy. Commerce Department data shows sales of new single-family properties bumped up 4.4 percent monthly and 15.3 percent annually during November, as the pace of sales... Continue Reading »

New Home Sales in November Hit Fastest Pace in 2.5 Years

WASHINGTON (AP) - Americans bought new homes last month at the fastest pace in more than two and a half years, adding to other recent evidence that the housing market is steadily recovering. The Commerce Department says that sales of new homes rose 4.4 percent in November to a seasonally adjusted annual rate of 377,000.... Continue Reading »

September's Home Price Rise Shows Biggest Gain in 6 Years, CoreLogic Reports

By Christopher S. Rugaber WASHINGTON -- A measure of U.S. home prices jumped 5 percent in September compared with a year ago, the largest year-over-year increase since July 2006. The gain reported by CoreLogic offered more evidence of a sustainable housing recovery. The real estate data provider also said Tuesday that... Continue Reading »

Don't Let These People Derail Your New Home Sale

By Brendon Desimone A listing agent may have shown a prospective buyer a specific house two or three times. Now the buyer wants another showing, which is surely a good sign that she's ready to make an offer. The buyer also tells the agent that she wants to bring her new boyfriend, best friend, out-of-town parents or... Continue Reading »

U.S. New Home Sales Fall to 5-Month Low

By Christopher S. Rugaber WASHINGTON -- Americans bought fewer new homes in June after sales jumped to a two-year high in May. The steep decline suggests a weaker job market and slower growth could make the housing recovery uneven. The Commerce Department said Wednesday that sales of new homes fell 8.4 percent last... Continue Reading »

Homebuying Contracts Match Their Highest Rate in 2 Years

By Christopher S. Rugaber WASHINGTON -- Americans signed more contracts to buy previously occupied homes in May, matching the fastest pace in two years. The increase suggests that home sales will rise this summer and the modest housing recovery will continue. The National Association of Realtors said Wednesday that its... Continue Reading »

New Homes Sell at Fastest Pace in 2 Years

By Martin Crutsinger WASHINGTON -- Americans bought new homes in May at the fastest pace in more than two years. The increase suggests a modest recovery in the housing market is continuing, despite weaker job growth. The Commerce Department said Monday that sales of new homes increased 7.6 percent in May from April to a... Continue Reading »

New Home Sales Dip, But Beat Expectations

WASHINGTON -- Sales of new homes dipped in January but the final quarter of 2011 was stronger than first estimated. The Commerce Department said Friday that new-home sales fell 0.9 percent last month to a seasonally adjusted annual rate of 321,000 homes. That followed four straight months of gains in which home sales rose... Continue Reading »

New Home Sales 2011: Worst Year on Record

WASHINGTON -- Fewer people bought new homes in December. The decline made 2011 the worst year for new homes sales on records dating back nearly half a century. The Commerce Department said Thursday that new-home sales fell 2.2 percent last month to a seasonally adjusted annual pace of 307,000. The pace is less than half... Continue Reading »

New Home Sales Stir, But Remain Sluggish

WASHINGTON -- Americans bought slightly more new homes in October, a hopeful sign for the troubled housing market. But the median sales price fell to its lowest level of the year, and the overall sales pace is trailing last year's -- the worst in half a century. The report suggests that housing continues to drag on the... Continue Reading »

Pending Home Sales Drop as Buyer Obstacles Persist

WASHINGTON -- The number of Americans who signed contracts to buy homes fell in August, after a weaker-than-expected peak buying season. The National Association of Realtors said Thursday that its index of sales agreements fell 1.2 percent last month to a reading of 88.6 A reading of 100 is considered healthy. The last... Continue Reading »

Homebuyers Remain on the Sidelines

WASHINGTON -- The homebuying season was a bust. March through August are typically the peak buying months. But this year, Americans bought fewer new homes in that stretch than in any other six-month period since record-keeping began a half-century ago. And sales of previously occupied homes didn't fare much better.... Continue Reading »

New Home Sales Tumble to Six-Month Low

WASHINGTON -- Sales of new homes fell to a six-month low in August. The fourth straight monthly decline during the peak buying season suggests the housing market is years away from a recovery. The Commerce Department said Monday that new-home sales fell 2.3 percent to a seasonally adjusted annual rate of 295,000. That's... Continue Reading »

Viewpoint: Why No New Houses May Be a Good Thing

The news that 2011 may go down as the worst year in the past 50 for construction of new homes brought out many a weeping violin. Sorry, the strings on mine must have popped. Yes, I understand that construction jobs -- the ones that are created when builders build new homes -- are a good thing for the economy. But the... Continue Reading »

Housing Starts Drop as Home Construction Wavers

WASHINGTON -- Builders broke ground on fewer homes in August, a reminder that the housing market remains depressed. The Commerce Department said Tuesday that builders began work on a seasonally adjusted 571,000 homes last month, a 5 percent decline from July. That's less than half the 1.2 million that economists say is... Continue Reading »

New Home Sales Drop for Fourth Straight Month

WASHINGTON - The number of people who bought new homes fell for the fourth straight month in July, putting sales on track to finish this year as the worst on records dating back half a century. Sales of new homes fell nearly 1 percent in July to a seasonally adjusted annual rate of 298,000, the Commerce Department said... Continue Reading »

The 10 States Where No One Wants to Buy a New Home

There is a strong indication that homebuilders have almost ceased activity in several states as demand for newly built homes has dwindled. The slowdown in new home permits is particularly stark when compared to the total number of existing homes in each state. 24/7 Wall St. looked at the statistics for building permits to... Continue Reading »

Housing Starts Drop Amid Glut of Inventory

WASHINGTON - Builders broke ground on fewer single-family houses in July, leaving home construction at depressed levels. The Commerce Department said Tuesday that builders began work on a seasonally adjusted 604,000 homes last month, a 1.5 percent decrease from June. That's half the 1.2 million homes per year that... Continue Reading »

New Home Sales Fall in June, on Pace for Record-Low Year

WASHINGTON -- Fewer people bought new homes in June, evidence that the housing market remains weak. Sales of new homes fell 1 percent last month to an annual rate of 312,000, the Commerce Department said Tuesday. That's less than half the 700,000 homes sold per year that economists say is typical in healthy markets. Last... Continue Reading »

Number of New Home Sales Drops, but So Does Supply

Just as the market was starting to pick up steam, skittish buyers have once again cooled its engines. After two months of growth, new home sales in May dropped 2.1 percent, according to Census figures released Thursday. But the record-low inventory of new construction could mean we'll see the light at the end of the tunnel... Continue Reading »

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