The expected hit to new home sales from the coronavirus pandemic fully manifested itself in March, falling by more than 15 percent from February to its lowest level in six years, HUD and the Census Bureau reported yesterday.
Tag: New Home Sales
February New Home Sales Meet Expectations, Pre-Coronavirus
February new home sales dipped a bit, HUD and the Census Bureau reported yesterday. Sales of new single-family houses came in at a seasonally adjusted annual rate of 765,000, down by 4.4 percent from the revised January rate of 800,000, but 14.3 percent higher than a year ago (669,000).
MBA: February New Home Purchase Mortgage Applications Up 26% From Year Ago
Despite falling by 1 percent from January, mortgage applications for new home purchases increased by nearly 26 percent from a year ago, the Mortgage Bankers Association reported this morning.
MBA Chart of the Week: Estimates of New Home Sales
Want to get an early read of the U.S. Census Bureau’s monthly release of new home sales? Start following MBA’s estimates on new home sales in the monthly release of the Builder Application Survey.
MBA Chart of the Week: Estimates of New Home Sales
Want to get an early read of the U.S. Census Bureau’s monthly release of new home sales? Start following MBA’s estimates on new home sales in the monthly release of the Builder Application Survey.
Mild January Spurs New Home Sales
Mild January weather led to a strong jump in new home sales, HUD and the Census Bureau reported yesterday.
Redfin: New Home Sales Surge in Fourth Quarter as Inventory Tumbles, Prices Flatten
Redfin, Seattle, said new home sales rose by 8.8% year over year in the fourth quarter, the biggest gain in more than two years and the third consecutive quarter of increases, driving continued depletion of inventory in the market.
December New Home Sales Down–But Up
December new home sales stumbled, falling by 0.4 percent from November, but overall 2019 results saw a solid increase in sales, HUD and the Census Bureau reported yesterday.
New Home Sales Post Modest November Increase
November sales of new single‐family houses rose by 1.3 percent from October and by nearly 17 percent from a year ago, HUD and the Census Bureau reported yesterday.
MBA: November Builder Applications Survey Up 27% from Year Ago; Down 17% from October
Mortgage applications for new home purchases increased 27.1 percent in November compared to a year ago, the Mortgage Bankers Association’s Builder Applications Survey reported Thursday.