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New homes sales fall in December and make 2011 worst year on record

Today, the U.S. Department of Housing and Urban Development and U.S. Census Bureau released new home sales data for December 2011 showing a decrease of 2.2 percent from the month before, and a decrease of 7.3 percent from a year ago. The seasonally-adjusted new home sales rate for December was 307,000 homes, down from an

Continue reading… New homes sales fall in December and make 2011 worst year on record

New Home Starts in 2011 Set All-Time Record Low

The last couple of months I have said that, “unless something changes dramatically, 2011 will hit a new record low of new home starts. Unfortunately, nothing dramatic happened, and 2011 has ended with only 428,600 new home starts setting a new record low and significantly below the prior all-time low of 445,200 starts in 2009.

New home construction in November inches up;  Curent pace slightly ahead of record-low

The last couple of months I have said that, “unless something changes dramatically, 2011 will hit a new record low of new home starts. Well, the actual numbers this year will still most likely be a record low, but at least the rate of new home starts for November has now inched above the

Continue reading… New home construction in November inches up;  Curent pace slightly ahead of record-low

New home sales tick up slightly in October;   still on track for worst year ever

Today, the U.S. Department of Housing and Urban Development and U.S. Census Bureau released new home sales data for October 2011 showing an increase of 1.3 percent from the month before, and an increase of 8.9 percent from a year ago. The seasonally-adjusted new home sales rate for October was 307,000 homes, up from an

Continue reading… New home sales tick up slightly in October;   still on track for worst year ever

New home permits and construction increase in October; Still at record low pace for year

The last couple of months I have said that, “unless something changes dramatically, 2011 will hit a new record low of new home starts. Well, unfortunately, even though the report for October shows an increase of 3.9 percent in housing starts, the seasonally adjusted annual rate is still at just 430,000 homes and

Continue reading… New home permits and construction increase in October; Still at record low pace for year

New home sales tick up in September but still on track to be worst year ever

Today, the U.S. Department of Housing and Urban Development and U.S. Census Bureau released new home sales data for September 2011 showing an increase of 5.7 percent from the month before, and a decrease of 0.9 percent from a year ago. The seasonally-adjusted new home sales rate for September was 313,000 homes, up from an

Continue reading… New home sales tick up in September but still on track to be worst year ever

New home construction increases slightly; still on pace for record-low year

Between interest rates falling to record lows and home prices falling back to levels from 8 years ago, the housing market is starting to look like a very attractive investment opportunity.

One of my favorite companies that produce a home price index and monitor the market is RadarLogic and their RPX Composite Price Index. They

Continue reading… New home construction increases slightly; still on pace for record-low year

New home sales drops in August and remains on track to finish year at record low

Today, the U.S. Department of Housing and Urban Development and U.S. Census Bureau released new home sales data for August 2011 showing a decrease of 2.3 percent from the month before, and an increase of 6.1 percent from a year ago. The seasonally-adjusted new home sales rate for August was 295,000 homes, down from an

Continue reading… New home sales drops in August and remains on track to finish year at record low

New home construction continues at record low pace for the year

Last month I talked about how in 1959 the census bureau first started keeping track of new home construction activity and reported that there were 1.5 million new homes started that year and that, “unless something changes dramatically, 2011 will hit a new record low of new home starts. Well, unfortunately, the report for

Continue reading… New home construction continues at record low pace for the year

Ohio Homebuilder Sentenced to 22 Years in Prison for Tax Fraud, Bank Fraud, Money Laundering and Obstruction of Justice Schemes

WASHINGTON – Thomas E. Parenteau of Hilliard, Ohio, was sentenced today to 22 years in prison for conspiring with his wife, his mistress and their accountant, to commit tax fraud and money laundering, the Justice Department and Internal Revenue Service (IRS) announced.   Parenteau was also sentenced for conspiring to obstruct justice and tamper with

Continue reading… Ohio Homebuilder Sentenced to 22 Years in Prison for Tax Fraud, Bank Fraud, Money Laundering and Obstruction of Justice Schemes

New home sales drop again in July; 2011 new home sales continue on track to be worst year ever

Today, the U.S. Department of Housing and Urban Development and U.S. Census Bureau released new home sales data for July 2011 showing a decrease of 0.7 percent from the month before, and an increase of 6.8 percent from a year ago. The seasonally-adjusted new home sales rate for July was 298,000 homes, down from an

Continue reading… New home sales drop again in July; 2011 new home sales continue on track to be worst year ever

New reports paint bleak picture for housing market recovery

It seems every time I start thinking it’s safe to use the “R” word (recovery) about the housing market, something happens to put the damper on it. The recent downgrading of the U.S. credit rating, which ultimately caused the Wall Street roller coaster ride, certainly hasn’t help. Then today, the National Association of Home Builders

Continue reading… New reports paint bleak picture for housing market recovery

New Home Construction On Pace For Record Low in 2011

In 1959 the census bureau first started keeping track of new home construction activity and reported that there were 1.5 million new homes started that year.  In 2005 a record high 1.7 million new homes were started and in 2009 a record low 445,100 new homes.  In 2010 there was a little improvement as there

Continue reading… New Home Construction On Pace For Record Low in 2011

New home sales drop in June; 2011 new home sales on track to be worst year ever

Today, the U.S. Department of Housing and Urban Development and U.S. Census Bureau released new home sales data for June 2011 showing a decrease of 1.0 percent from the month before, and an increase of 1.6 percent from a year ago.  The seasonally-adjusted new home sales rate for June was 312,000 homes, down from

Continue reading… New home sales drop in June; 2011 new home sales on track to be worst year ever

New home permits and starts increase in May; New home shortage coming?

The U.S. Census Bureau and US Department of Housing and Urban Development (HUD) issued their report on New Residential Construction for June 2011 showing a very slight increase in single-family home building permits from the month before (0.2 percent), and a 9.4 percent increase in new home starts compared to the month before.

Continue reading… New home permits and starts increase in May; New home shortage coming?

New home sales decline in May; Up over 15 percent from year before

Today, the U.S. Department of Housing and Urban Development and U.S. Census Bureau released new home sales data for May 2011 showing a decrease of 2.1 percent from the month before, and an increase of 13.5 percent from a year ago.

The seasonally-adjusted new home sales rate for May was 319,000 homes, down from 326,000

Continue reading… New home sales decline in May; Up over 15 percent from year before

New home construction increases in May; outpacing new home sales by 60 percent

The U.S. Census Bureau and US Department of Housing and Urban Development (HUD) issued their report on New Residential Construction for May 2011 showing a 2.5 percent increase in single-family home building permits from the month before, and a 3.7 percent increase in new home starts compared to the month before.

New home sales and prices increase in April; still down over 23 percent from a year ago

Today, the U.S. Department of Housing and Urban Development and U.S. Census Bureau released new home sales data for April 2011 showing an increase of 7.3 percent from the month before, and a decrease of 23.1 percent from a year ago.

The seasonally-adjusted new home sales rate for April was 323,000 homes.

Continue reading… New home sales and prices increase in April; still down over 23 percent from a year ago

New Home Construction Declines in April; No Recovery in Site for Builders

The U.S. Census Bureau and US Department of Housing and Urban Development (HUD) issued their report on New Residential Construction for April 2011 showing a 1.8 percent decrease in single-family home building permits from the month before, and a 5.1 percent decrease in new home starts compared to the month before.

New home sales and prices increase in March

Today, the U.S. Department of Housing and Urban Development and U.S. Census Bureau released new home sales data for March 2011 showing an increase of 11.1 percent from the month before, and a decrease of 21.9 percent from a year ago.

The seasonally-adjusted new home sales rate for March was 300,000 homes.

Continue reading… New home sales and prices increase in March

New Home Construction Activity Increases in March

The U.S. Census Bureau and US Department of Housing and Urban Development (HUD) issued their report on New Residential Construction for March 2011 showing  a 5.7 percent increase in single-family home building permits from the month before, and a 7.7 percent increase in new home starts compared to the month before.  This comes on the

Continue reading… New Home Construction Activity Increases in March

New home sales plummet in February, prices fall as well

Today, the U.S. Department of Housing and Urban Development and U.S. Census Bureau released new home sales data for February 2011 showing a decrease of 16.9 percent from the month before, and a decrease of 28.0 percent from a year ago.

The seasonally-adjusted new home sales rate for February was 250,000 homes.

Continue reading… New home sales plummet in February, prices fall as well

New home construction sinks to 25 year low

The U.S. Census Bureau and US Department of Housing and Urban Development (HUD) issued a their report on New Residential Construction for February 2011 showing a 9.3 percent decrease in single-family home building permits from January, and a 27.0 percent decrease in new home starts compared to the year before.

New home sales fall in January...down over 18 percent from a year ago

Today, the U.S. Department of Housing and Urban Development and U.S. Census Bureau released new home sales data for January 2011 showing an increase of 17.5 percent from the month before, but a decrease of 7.6 percent from a year ago.

The seasonally-adjusted new home sales rate for December was 329,000 homes, a 17.5

Continue reading… New home sales fall in January…down over 18 percent from a year ago

New home construction starts off 2011 with a 'fizzle'

The U.S. Census Bureau and US Department of Housing and Urban Development (HUD) issued a their report on New Residential Construction for January 2011 showing a 4.8 percent decrease in single-family home building permits from December, and a 1.0 percent decrease in new home starts compared to the month before.

New home sales close out 2010 on the rise; predicting increased sales in 2011

Today, the U.S. Department of Housing and Urban Development and U.S. Census Bureau released new home sales data for December 2010 showing an increase of 17.5 percent from the month before, but a decrease of 7.6 percent from a year ago.

The seasonally-adjusted new home sales rate for December was 329,000 homes, a 17.5

Continue reading… New home sales close out 2010 on the rise; predicting increased sales in 2011

New home starts drop in December; down 14 percent from year before

The U.S. Census Bureau and US Department of Housing and Urban Development (HUD) issued a their report on New Residential Construction for December 2010 showing a 5.5 percent increase in single-family home building permits from November, but a 9.0 percent decrease in new home starts compared to the month before.

New home sales and prices increase in November

Today, the U.S. Department of Housing and Urban Development and U.S. Census Bureau released new home sales data for November 2010 showing an increase of 5.50  percent from the month before, but a decrease of 21.2 percent from a year ago.

The seasonally-adjusted new home sales rate for November was 290,000 homes, a 5.5 percent increase

Continue reading… New home sales and prices increase in November

New home sales fall in October; Down 30 percent from year before

Today, the U.S. Department of Housing and Urban Development and U.S. Census Bureau released new home sales data for October 2010 showing a decrease of 8.1 percent from the month before, but a decrease of 28.5 percent from a year ago.

The seasonally-adjusted new home sales rate for October was 283,000 homes, a 8.1 percent decrease

Continue reading… New home sales fall in October; Down 30 percent from year before

October New Home Construction: Permits Up, Starts Down

The U.S. Census Bureau and US Department of Housing and Urban Development (HUD) issued a their report on New Residential Construction for October 2010 showing a slight increase in single-family home building permits and a small decrease in new home starts compared to the month before.