New Home SalesSales of newly-built homes took a small step lower in October, but remain strong.

According to the Commerce Department, New Home Sales slipped 1,000 units last month, falling to 368,000 units on a seasonally-adjusted, annualized basis. 

The final reading fell short of Wall Street expectations, an...

29.11.12 04:45 PM - Comment(s)
The jobs report puts the economy is focusSandy is upsetting the financial markets today, and possibly tomorrow. The NY stock exchanges are closed today with talk they may be down again tomorrow as the storm takes aim on Wall Street and NY. NY transit systems closed with concerns that the subways will flood. This morning the stock index fut...
29.10.12 03:45 PM - Comment(s)

New Home Supply chartThe U.S. housing market appears headed for a strong close to 2012.

According to the U.S. Census Bureau, the number of new homes sold jumped to 389,000 units in September 2012 on a seasonally-adjusted, annualized basis.

Not since the expiration of the $8,000 federal home buyer tax credit in April 2010 ...

26.10.12 03:45 PM - Comment(s)

New Home Supply chartThe market for new construction homes remains strong nationwide.

According to the U.S. Census Bureau, the number of new homes sold slipped 0.3 percent in August 2012 to a seasonally-adjusted, annualized 373,000 units sold — just 1,000 units less than July 2012 and the second-highest reading...

27.09.12 03:45 PM - Comment(s)

New Home Sales 2010-2012The market for newly-built homes remains strong.

As reported by the U.S. Department of Commerce, 372,000 new homes were sold in July on a seasonally-adjusted, annualized basis. A "new home" is a home that can be considered new construction.

July's New Home Sales report highlights w...

29.08.12 03:45 PM - Comment(s)

New Home Supply 2010-2012

The number of newly-built homes sold slipped 8 percent in June from the month prior, says the U.S. Census Bureau in its latest New Home Sales report. The June data shows 350,000 homes sold nationwide on a seasonally-adjusted, annualized basis.

The home sale tally fell short of Wall Str...

26.07.12 03:45 PM - Comment(s)
EU affecting U.S. mortgage ratesMortgage markets improved only slightly last week despite a large 2-day rally that lasted through Wednesday and Thursday. Unfortunately for mortgage rate shoppers in Henrico , markets were worse throughout the other 3 days of the week, which kept mortgage rates from dropping to new all-time lows. As...
02.07.12 03:45 PM - Comment(s)

New Home Supply The new construction market continues to improve.

As reported by the Census Bureau, 369,000 new homes were sold last month on a seasonally-adjusted, annualized basis. A "new home" is a home that is considered new construction.

May's data marks the highest number of new homes sold since ...

27.06.12 03:45 PM - Comment(s)

New Home Supply (2011-2012)The April New Home Sales report suggests that the market for newly-built homes is as strong as the market for existing ones. 

According to the U.S. Census Bureau, the number of new homes sold rose 3.3 percent in April to a seasonally-adjusted, annualized 343,000 units sold -- its secon...

24.05.12 03:45 PM - Comment(s)

New Home Sales 2011-2012Sales of new homes ticked lower in March, unexpectedly.

Based on Census Bureau data, the number of new, single-family homes sold in March slipped 7 percent from February -- the largest one-month drop in more than a year. 

On a seasonally-adjusted, annualized basis, buyers in Virginia and nationwi...

25.04.12 03:45 PM - Comment(s)

New Home SalesSales of "new homes" fell to the lowest levels in four months last month.

According to the Census Bureau's monthly New Home Sales report, 313,000 new homes were sold in February 2012 on a seasonally-adjusted, annualized basis, representing a 1.6% drop from the month prior.

A "new home...

27.03.12 03:45 PM - Comment(s)

New Home Supply 2010-2012

The new construction market rolls on.

As foreshadowed by February's Homebuilder Confidence survey, which rose to a 4-year high, the Census Bureau reports new homes are selling more quickly than builders have built them, lowering the national "home supply" to levels not seen since ...

28.02.12 04:45 PM - Comment(s)

New Home Supply 2010-2011

New Home Sales slowed into the New Year but the market for newly-built homes remains strong. For home buyers in Virginia and nationwide, December's New Home Sales report is yet one more signal that the housing market recovery may be underway.

According to the Census Bureau, the number of new homes so...

31.01.12 04:45 PM - Comment(s)

Housing Starts 2010-2011

When it comes to housing data, sometimes you have to look past the headlines. December's Housing Starts data offers a terrific illustration of why.

Each month, the Census Bureau tallies Housing Starts for the month prior. A "housing start" is a home on which construction has started.

The Hou...

20.01.12 04:45 PM - Comment(s)

New Home Supply 2010-2011New home inventory is approaching bull market territory.

According to the Census Bureau, the number of new homes sold rose 2 percent in November. On a seasonally-adjusted, annualized basis, home buyers bought 315,000 newly-built homes last month.

November's New Home Sales data marks the 4th strai...

28.12.11 04:45 PM - Comment(s)

New Home Supply 2009-2011

If you plan to buy of new construction in Virginia sometime in 2012, don't expect today's low prices. Like everything in housing of late, the market for newly-built homes appears to be stabilizing and, in some markets, improving.

As foreshadowed by this month's strong Homebuilder Confidence survey, t...

29.11.11 04:45 PM - Comment(s)

New Home Supply Sep 2010 - 2011Home builders continue to sell homes and work through inventory.

According to data from the Census Bureau, the number of new homes sold in September jumped 6 percent from the month prior, beating analyst expectations. On a seasonally-adjusted, annualized basis, buyers in Virginia and nation...

27.10.11 03:45 PM - Comment(s)

New Home Sales August 2010 - August 2011According to the Census Bureau, the number of new homes sold slid for the fourth straight month in August, easing 2 percent from July. On a seasonally-adjusted, annualized basis, home buyers bought 295,000 newly-built homes last month.

August marked the lowest new home sales tally since February...

28.09.11 04:04 PM - Comment(s)
New Home Supply 2008-2011 Sales of newly-built homes slipped in July, falling 1 percent as compared to June. Home buyers closed on a seasonally-adjusted, annualized 298,000 units, the lowest reading since February. The supply of new homes, however, remained flat. July's 6.6 months of supply equaled June's tally and rem...
24.08.11 04:16 PM - Comment(s)

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