Positive revisions boost new home sales report

Housing Wire

In Tuesday’s new home sales report from the Census Bureau , monthly supply hit recent highs at 6.2 The new home sales market is a small but essential part of the overall market and the economy. months at the current sales rate.

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Existing home sales show strength of demographics

Housing Wire

The National Association of Realtors reported existing home sales for the month of June were under their estimates slightly. If existing home sales were getting noticeably weaker, we would expect the sales trend to be around 5.3

Sales 409
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Low inventory stifles April’s pending home sales

Housing Wire

Like new and existing sales, pending home sales felt the strain of exhausted home inventory in April ? Against a pandemic landscape from last April, however, pending home sales signings are 51.7% Regionally, pending home sales dropped month over month in all U.S.

Sales 377

Home sales beat estimates: no housing crash in sight

Housing Wire

million home sales for July, which was an excellent beat of estimates and a dagger into the hearts of the 2021 housing crash crew. Both together make it very difficult for an epic housing crash in sales to happen, especially when the years 2008-2019 had the weakest housing recovery ever.

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Existing home sales are still too hot

Housing Wire

The National Association of Realtors reported that existing home sales for January were at 6,669,000, which beat estimates. The median sales price also jumped 14.1% The last report on new home sales shows that housing data moderates and moves back to the trend.

Sales 417

New home sales juggernaut continues

Housing Wire

Sales of new homes rose to an annualized rate of 999,000 in October – 0.3% With October’s data in, new home sales have had the strongest three-month stretch since mid-2006, with each month falling just short of 1 million. months at the current sales rate.

Sales 410

Home sale prices reach record highs — again

Housing Wire

The effects of low housing inventory continue to cause significant ripples in the housing market, as a recent Redfin report shows home sale prices across the country have reached an average of $344,625 — an all-time high, and an 18% increase year over year.

Sales 386

Pending home sales dip as “seesaw” market continues

Housing Wire

Following a robust May, pending home sales declined in June. The overall pending home sales index fell 1.9% The volume of existing-home sales in 2001 was within the range of 5 to 5.5 Regionally, pending home sales in the Northeast increased 0.5%

Sales 377

Existing home sales dip downwards for fourth month

Housing Wire

Existing home sales fell for the fourth consecutive month in May, down.9% According to the NAR, despite existing home sales falling, activity is slowly approaching pre-pandemic levels. Regionally, only the Midwest experienced higher existing home sales from the month prior.

Sales 364

New home sales fall to lowest pace in a year

Housing Wire

Sales of newly built , single-family homes fell to the lowest pace in a year, down 5.9% Regionally, new home sales rose in two of the four regions in May. Sales grew 33% in the Northeast, 6.7% Against the backdrop of the COVID-19 pandemic, new home sales are still 9.2%

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Building material prices take their toll on new home sales

Housing Wire

Record-high building material prices and a continued lack of labor brought down new home sales in April to a seasonally adjusted annual rate of 863,000 ? April’s new home sales are nearly double that of April 2020’s estimate of 582,000. months at the current sales rate.

Sales 364

Why new home sales are finally moderating

Housing Wire

But, we hadn’t seen that moderation in any meaningful way until today’s new home sales data. The new home sales marketplace has been showing abnormally fast growth for the last several months. months at the current sales rate.”

Sales 419

Pending home sales reach highest May mark in 16 years

Housing Wire

Pending home sales reached its highest mark for the month of May since 2005, up 8% from the previous month of April as low inventory continues driving buyers to snatch up available real estate. regions reported month-over-month and year-over-year home sale gains, per a release from the NAR.

Sales 364

Pending home sales crush hopes of forbearance crash bros

Housing Wire

The most recent pending home sales report that soundly beat estimates after a downtrend in the previous months caused some serious head-scratching. Pending home sales were up a healthy 8% from April and just over 13% compared to the same month last year.

Sales 401

New home sales plunge 18.2%, but demand stays strong

Housing Wire

After a near decade high in January, new home sales for single-family houses plummeted 18.2% However, continued demand by homebuyers did manage to push new home sales 8.2% As for the West, new sales dropped 9.3% months at the current sales rate.

Sales 419

Experts optimistic about home sales in 2021

Housing Wire

pending home sales dipped to the tune of 0.3% “Greater participation of sellers and builders in the months ahead will make home sales possible while easing some of the pressure on price growth, which is currently rising at a double-digit percent rate and has been for almost six months.”

Sales 420

Existing home sales data: Look at year-over-year growth

Housing Wire

According to The National Association of Realtors, February’s existing home sales missed estimates , coming in at 6.2 Because February 2020 sales were strong, the year-over-year growth in sales for February 2021 is impressive at 9.1%.

Sales 396

Pending home sales rebound in March

Housing Wire

The trade group reported that pending home sales – that is homes where a buyer signed a contract, but the sale has not closed – rose 1.9 % index points to 111.3 By coincidence,” the NAR explained, “The volume of existing homes sales in 2001 fell within the range of 5 to 5.5

Sales 364

Home sales are beginning to stall as buyers hit their limit

Housing Wire

Home sales fell 1.2% The national median home-sale price hit a record high of $386,888, up 25% year over year, but a slight decline from the record of 26% in May. “Home sales are starting to stall because prices have increased beyond what many buyers can afford.

Sales 428

New home sales battled scorching prices in April

Housing Wire

Adjusting to seasonal effects, MBA estimates that new home sales in April rebounded from a two-month slump, increasing 8 percent to an annualized pace of 770,000 units,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting.

Sales 390

Sales of luxury homes skyrocket in first quarter

Housing Wire

Sales of luxury homes rose 41.6% year-over-year in the first quarter of 2021, crushing sales of affordable homes (7% increase) and mid-priced homes (5.9%), per a recent report from Redfin. the biggest increase in luxury-home sales in the first quarter was Miami, with sales up 101.1%

Sales 401

Existing home sales fall for third month in April

Housing Wire

April’s existing home sales painted a familiar picture of a market still grappling with low supply as sales dropped for the third month in a row, down 2.7% This elevated level of competition may be starting to wear on buyers’ confidence and could be holding back sales volumes.

Sales 364

Existing home sales data: A bad sign for housing market?

Housing Wire

According to the National Association of Realtors, existing home sales for April’s housing market came in at 5,8500,000. This was a miss from estimates and the third straight month of declines in sales. This sales trend looks very normal to me.

Sales 426

New home sales dip for third consecutive month

Housing Wire

New home sales continued to slip in June, falling 6.6% The median sales price of new houses sold in June 2021 was $361,800. The average sales price was $428,700. ” The post New home sales dip for third consecutive month appeared first on HousingWire.

Sales 364

Pending home sales continue to slip as 2021 approaches

Housing Wire

pending home sales slid for the third consecutive month in November, dropping 2.6% “It is important to keep in mind that the current sales and prices are far stronger than a year ago.” New home sales and existing home sales both also ticked down last month.

Sales 422

The best new home sales report ever

Housing Wire

Only then would we see enough demand from the new home sales market to warrant that much construction. This hasn’t happened yet, but the recent hew home sales report indicates we are getting there. months at the current sales rate.” Now, new home sales are 41.5%

Sales 424

New home sales trigger concern over lumber prices

Housing Wire

Today the Census Bureau reported 863,000 new home sales in April 2021. From Census : “Sales of new single?family The difference in the two reports is not surprising; new home sales tend to fluctuate wildly month to month on both the positive and the negative.

Sales 409

Insatiable demand drives July pending home sales up 15% annually

Housing Wire

pending home sales rose 5.9% We are witnessing a true V-shaped sales recovery as homebuyers continue their strong return to the housing market,” said Yun. All four regions of the country also saw month-over-month and year-over-year gains in pending home sales.

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New home sales hot but not bubbly

Housing Wire

The recent new home sales data is at levels last seen in 2006, with monthly supply data back down to the low levels when new home sales data was really good. No, this is not a new home sales housing bubble as we are far from total new home sales being where they were in 2005.

Sales 419

Existing home sales surge 9.4% in September

Housing Wire

Sales of existing homes took off in September, jumping 9.4% Compared to a year ago, sales are up 20.9%. The primary constraint to even more sales is the plummeting inventory of homes on the market, which is leading to bidding wars and spikes in home prices across the country.

Sales 419

New Home Sales Steady in July

Eyes on Housing

As the market has cooled due to higher costs, July recorded a slight gain of 1% for sales of newly-constructed single family homes, according to estimates from the Census Bureau and HUD.

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Condo sales rebound as buyers snatch up deals

Housing Wire

A new report from Redfin revealed that condo sales rose 22.7% Single-family home sales grew 23.3% Condos sales are rebounding because buyers are finding great deals,” said Redfin’s Chief Economist Daryl Fairweather. year over year, while condo sale prices rose 9.9%.

Sales 386

Even with high lumber prices, new home sales beat

Housing Wire

Extreme increases in lumber prices have caused some people to go bearish on new home sales. Mortgage rates have a much more significant influence on the new home sales market than lumber prices, even at their current highs.

Sales 408

Average home sale price hits all-time record

Housing Wire

The median home sale price increased 16% year-over-year to $331,590 – an all-time high, per a report this week from Redfin. The average sale-to-list price ratio, which measures how close homes are selling to their asking prices, increased to 100.2%.

Sales 428