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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 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 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 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
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 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 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 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 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 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 Dennis Norman By: Dennis Norman This morning the U.S. Department of Commerce released a report showing the sale of New Homes in July were at a seasonally adjusted annual rate of 433,000, a 9.6 percent increase from June and makes the fourth consecutive month of new home sales increases. The Northeast region saw the biggest monthly increase Continue reading… New Home Sales Up 9.6 Percent in July; Sales are not coming fast or easy though Dennis Norman By: Dennis Norman This morning the U.S. Department of Commerce released a report showing the sale of New Homes in June were at a seasonally adjusted annual rate of 384,000, an 11% increase from May. Junes sales numbers are down 21.3% from a year ago however that is much better than May’s 33% decline from Continue reading… New home sales up 11% in June – median price down 6.9% for the month |
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