|
|||||
 
|
Dennis Norman The good news is May’s new home sales rate of 267,000, which was the lowest sales rate on record, was revised upward to 281,000. The bad news is June’s sales rate of 330,000 was revised downward to 315,000 and now new home sales for July were reported at 276,000 the new lowest Continue reading… New Home Sales In July Drop to All-Time Low The U.S. Census Bureau and US Department of Housing and Urban Development (HUD) issued a their report on New Residential Construction for July 2010 showing a decrease in single-family home building permits and a decrease in new home starts from June. Tweet This Post The Justice Department filed a lawsuit yesterday against the owners, developers, architects and civil engineers of Park Place Apartments, a 276-unit complex in Louisville, Ky., for failing to provide accessible features required by the Fair Housing Act. Tweet This Post Dennis Norman Yes, the headline is correct….New home sales in June were up 23 percent from May, but unfortunately the revised May annual new home sales rate of 267,000 was the lowest rate of sale on record therefore even after a 23.6 percent increase it only brought June up to 330,000 new homes, a rate Continue reading… New Home Sales Increase 23 percent to Second-Worst Rate on Record The U.S. Census Bureau and US Department of Housing and Urban Development (HUD) issued a their report on New Residential Construction for June 2010 showing a decrease in building permits and a decrease in new home starts from May. The report shows the following: Building permits issued for single-family residences in June were at an annual Continue reading… New Home Building Permits and Starts Down In June Dennis Norman Less Is More Over the past decade or so it seems everything has gotten “super-sized” to the point of absurdity in my opinion. Therefore I find it refreshing to see that, according to the “Home Trends 2010″ report by the Real Estate Buyer’s Agent Council, home buyers are scaling down both in size and Continue reading… What’s Hot and What’s Not in New Homes? Dennis Norman Last month after the new home sales reports came out I had this to say: “I’m very encouraged by home sales in March and April, both in new homes and existing home sales and, if it wasn’t for the fact the homebuyer tax-credit incentive expired April 30th, no doubt a factor Continue reading… New-Home Sales Crash In May after Sugar-Rush of Tax Credit Sales The U.S. Census Bureau and US Department of Housing and Urban Development (HUD) issued a their report on New Residential Construction for May 2010 showing a decrease in building permits and a decrease in new home starts from April. The report shows the following: Building permits issued for single-family residences in May were at an annual Continue reading… New Home Permits Drop Almost 10 Percent in May; New Home Starts Drop 17 Percent Dennis Norman The U.S. Department of Commerce released a report showing the sale of New Homes in April were at a seasonally adjusted annual rate of 504,000, a 14.8 percent increase from the revised March rate of 439,000 and is 47.8 percent above a year ago. Continue reading… Tax Credit Deadline Spurs New Home Sales in April; Prices Drop
Dennis Norman The U.S. Department of Commerce released a report showing the sale of New Homes in March were at a seasonally adjusted annual rate of 411,000, a 26.9 percent increase from the revised February rate of 324,000 and is 23.8 percent above a year ago. Continue reading… New Home Sales Spike in March – Market Showing Signs of Stabilizing The U.S. Census Bureau and US Department of Housing and Urban Development (HUD) issued a their report on New Residential Construction for March 2010 showing an increase in building permits and a decrease in new home starts from February. The report shows the following: Building permits issued for single-family residences in March were at an annual Continue reading… Building Permits Jump in March; New Home Construction Still Outpacing Sales Dennis Norman At the Federal Open Market Committee meeting on March 16th it was suggested that “economic activity expanded at a moderate pace in early 2010″. Unfortunately, when it came to the housing market, the news was not as good and it was noted that “housing activity remained flat and the nonresidential construction section weakened further.” The Continue reading… Fed Reserve: Housing Sales and Starts Have Flattened Out at Depressed Levels; Foreclosures Likely To Remain High
Dennis Norman The U.S. Department of Commerce released a report showing the sale of New Homes in February were at a seasonally adjusted annual rate of 308,000, a 2.2 percent decrease from the revised January rate of 315,000 and is 13.0 percent below a year ago. Continue reading… New Home Sales Drop in February Dennis Norman According to the Economics and Mortgage Market Analysis report just published by Fannie Mae, the weather was the culprit for the slow-down in home sales at the beginning of this year however, we did not get the boost they were anticipating from the extension of the tax credits. “Unfortunately, despite the high hopes Continue reading… Housing Recovery ‘Setback’ According to Fannie Mae Report The U.S. Census Bureau and US Department of Housing and Urban Development (HUD) issued a their report on New Residential Construction for February 2010 showing a decrease in new home construction activity from February, but siginificant increases from a year ago.. The report shows the following: Building permits issued for single-family residences in February were at an Continue reading… New Home Construction In February Continuing to Outpace New Home Sales Dennis Norman The United States Court of Appeals for the Eleventh Circuit recently consdered an appeal by the plaintiffs of a class action lawsuit again D.R. Horton, Inc. and DHI Mortgage, Co brought by John R. Yeatman and Eleanor E. Yeatman on behalf of themselves and all similarly situated individuals. The lawsuit stems from the Yeatman’s purchase of Continue reading… Appeals Court Rules Builder Incentive did not violate RESPA Dennis Norman The U.S. Department of Commerce released a report showing the sale of New Homes in January were at a seasonally adjusted annual rate of 309,000, an 11.2 percent decrease from the revised December rate of 348,000 and is 6.1 percent below a year ago. Continue reading… New Home Sales Plummet In January
Dennis Norman The U.S. Department of Commerce released a report showing the sale of New Homes in December were at a seasonally adjusted annual rate of 342,000, a 7.6 percent decrease from the revised November rate of 370,000 and is 8.6 percent below a year ago. My Mantra As has been my long-running mantra, I don’t like Continue reading… New Home Sales Fall again in December Dennis Norman The National Association of Home Builders says the health care bill that the Senate passed (H.R. 3590) places a “major financial burden on builders“. According to the NAHB language offered by Sen. Jeff Merkley and “slipped into the Senate health care legislation at the last minute unfairly targets small construction firms with more than Continue reading… Builders Cry Foul on Health Care Bill Dennis Norman In a just a few days we will say goodbye to 2009; a year that has been brutal to the housing market. So as the new year comes in, what will 2010 hold in store for the housing market? To answer this question I turned to the housing forecast just released by Fannie Continue reading… What does 2010 hold in store for the Housing Market? Dennis Norman New homes were started in November at an annual rate of 482,000 homes and I asked why in my post last week since new home construction was already outpacing sales….well, today the gap got worse.. This morning the U.S. Department of Commerce released a report showing the sale of New Homes in November were Continue reading… New home sales take a dive in November National Association of Home Builders issues a call to Action to it’s members to urge Congress to vote NO. From the National Association of Home Builders: The Senate is scheduled to hold a series of votes over the next three days on health care reform. Given the time crunch, please call your Senator now! In their rush to Continue reading… Home Builder Alert: HBA Says Home Builders Unfairly Targeted in Senate Health Care Bill New home construction is on the rise in November…. WHY??? They aren’t selling as fast as they are being built…didn’t we learn our lesson? The U.S. Census Bureau and US Department of Housing and Urban Development (HUD) issued a their report on New Residential Construction for November 2009 showing an increase in new home construction Continue reading… New home construction in the U.S. increases in November….but why? Dennis Norman This morning the U.S. Department of Commerce released a report showing the sale of New Homes in October were at a seasonally adjusted annual rate of 430,000, a 6.2 percent increase from the revised September rate of 405,000 and is 5.1 percent above a year ago. My Mantra As has been my long-running mantra, I Continue reading… New Home Sales in US through October; UP 5.1 percent OR DOWN 24.1 percent from a year ago, take your pick Even with a decline in new home starts and completions, new home construction activity is still outpacing new home sales potentially leading to inventories increasing again. The US Census Bureau and US Department of Housing and Urban Development (HUD) issued a their report on New Residential Construction for October 2009 showing a decrease in new home Continue reading… New homes started through October down 32.5 percent from last year; New home completions still outpacing sales by over 30 percent Dennis Norman This morning the U.S. Department of Commerce released a report showing the sale of New Homes in September were at a seasonally adjusted annual rate of 402,000, a 3.6 percent decrease from the revised August rate of 417,000 and is 7.8 percent below a year ago. Like I pointed out however, in my post Continue reading… New Homes Sold Through September down 26.6 Percent from Year Before By: Dennis Norman This morning the US Census Bureau and US Department of Housing and Urban Development (HUD) issued a their report on New Residential Construction for September 2009 showing an increase in new home construction activity from August. The report shows the following: Building permits issued for single-family residences in September were at an annual rate of Continue reading… New home construction shows slight decrease in August; Construction still out pacing sales Dennis Norman By: Dennis Norman Yesterday I did a post about the new home sales report issued by the U.S. Department of Commerce and, just like much of the media and bloggers out there, I reported that new home sales rose in August, albeit a scant 0.7 percent and that the seasonally adjusted annual rate of Continue reading… New home sales up 0.7 percent in August; or NOT? Down 3.4 percent from a year ago or down 27.8 percent? Dennis Norman By: Dennis Norman This morning the U.S. Department of Commerce released a report showing the sale of New Homes in August were at a seasonally adjusted annual rate of 429,000, a 0.7 percent increase from July, but a 3.4 percent decrease from a year ago. The Northeast region after seeing a 32.4 percent increase in Continue reading… New home sales up slightly in August; Prices down 7 percent for the month By: Dennis Norman This morning the US Census Bureau and US Department of Housing and Urban Development (HUD) issued a their report on New Residential Construction for August 2009 showing a slight decrease in new home construction activity from July. The report shows the following: Tweet This Post |
|
|||
|
Connecting St. Louis Information St. Louis The author and owner of this site are providing the information on this web site for general information only. The information on this site does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind nor should it be construed as such. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action on this information, you should consult a qualified professional adviser to whom you have provided all of the facts applicable to your particular situation or question. None of the tax information on this web site is intended to be used nor can it be used by any taxpayer, for the purpose of avoiding penalties that may be imposed on the taxpayer. The information is provided as is, with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose Powered by WordPress & the Atahualpa Theme by BytesForAll. Discuss on our WP Forum |
|||||
Recent Comments