Pace of new-home sales suggests steady housing strength

New home sales fell to an annualized rate of 627,000 units in July, below the 648,000 units we and the consensus expected, and prior estimates of sales over the April-June period were revised lower. The median new home sales price rose by 1.8 percent year-on-year, and the months supply metric stands at 5.9 months. As usual, the headline sales.

New Home Sales | Luxury Florida Homes – It’s a statistic that suggests housing market weakness. However, in looking at a different component of the New Home Sales report – the supply of homes for sale – we’re forced to reconsider. At the current pace of sales, every new home for sale nationwide would be "sold" in a matter of 6.1 months.

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Despite some volatility in the month-to-month sales figures, October marks the sixth month in 2017 at an annual sales pace of more than 600,000. New home sales through October are running 8.9% higher than this time in 2016, in line with NAHB’s forecast.

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Home sales hit highest level since 2009.. And sales are well above the 3.45 million pace hit in July 2010, the low point after the housing bubble burst.. And new home sales jumped in June to.

The US Census Bureau and Department of Housing and Urban Development in a joint release reported that newly constructed single family homes sold at a seasonally adjusted annual pace of 592 thousand in June and revised May sales up to 572 thousand. This pace represents steady progress from housing bust lows below 300 thousand but is still well short of the pre-boom level of sales, averaging an annual pace of 964 thousand from 2000 to 2003.

Housing fall expected, starts permits steady. – U.S. Housing Starts Fall More Than Expected While Permits Steady – Groundbreaking on new U.S. homes eased from the fastest pace in 13 months while permits held steady to finish the strongest year for housing construction in a decade, government figures showed.

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Total housing inventory slipped 0.5% at the end of July to 1.92 million existing homes available for sale and is unchanged from last year’s total. Unsold inventory rests at a 4.3-month supply at the.

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WASHINGTON, Jan 27 (Reuters) – Sales of new U.S. single-family homes fell more than expected in December, but lean inventories and steady price gains suggested the housing. strength in the economy..