• U.S. new home sales rebound, but trend weakening

    27 days ago - By Reuters

    Sales of new U.S. single-family homes rebounded in August after two straight monthly declines, but the underlying trend still pointed to a weakening housing market against the backdrop of rising mortgage rates and higher home prices.
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  • A few Comments on August New Home Sales

    A few Comments on August New Home Sales

    27 days ago - By Calculated Risk

    New home sales for August were reported at 629,000 on a seasonally adjusted annual rate basis. This was close to the consensus forecast, however the three previous months were revised down significantly.
    Sales in August were up 12.7% year-over-year compared to August 2017. This was strong YoY growth, however this was an easy comparison since new home sales were soft in mid-year 2017.
    On Inventory: Months of inventory is now close to the top of the normal range, however the number of units completed and under construction is still somewhat low. Inventory will be something to watch.
    Earlier...
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  • New residential home sales rise in August, reversing 2-month decline

    27 days ago - By Inman

    New residential home sales increased 3.5 percent in August, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
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  • New Home Sales increase to 629,000 Annual Rate in August

    New Home Sales increase to 629,000 Annual Rate in August

    27 days ago - By Calculated Risk

    The Census Bureau reports New Home Sales in August were at a seasonally adjusted annual rate of 629 thousand.
    The previous three months were revised down singnificantly.
    "Sales of new single-family houses in August 2018 were at a seasonally adjusted annual rate of 629,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 3.5 percent above the revised July rate of 608,000 and is 12.7 percent above the August 2017 estimate of 558,000. " emphasis added
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  • U.S. new home sales rebound in August, prior months revised lower

    27 days ago - By Reuters

    Sales of new U.S. single-family homes increased more than expected in August after two straight monthly declines, but the underlying trend still pointed to a weakening housing market amid rising mortgage rates and higher home prices.
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  • Sales of new US homes climbed 3.5 percent in August, driven by purchases in the Northeast and West

    27 days ago - By Chron

    WASHINGTON - Sales of new US homes climbed 3.5 percent in August, driven by purchases in the Northeast and West.
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  • US new-home sales rose 3.5 percent in August

    27 days ago - By Chron

    WASHINGTON - Sales of new U.S. homes climbed 3.5 percent in August, snapping a two-month decline as buying surged in the pricey Northeast and West housing markets.
    The Commerce Department said Wednesday that newly built homes sold at a seasonally adjusted annual rate of 629,000 last month. Sales of new homes have advanced 6.9 percent this year. Still, rising costs and higher mortgage rates have tempered some of the enthusiasm from would-be buyers.
    The sales gains mostly came from a 47.8 percent jump in the Northeast and a 9.1 percent increase in the West. New-home sales edged up in the...
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