New Home Sales Archive

Latest New Home Sales (February 2015)

Contracts to buy a newly constructed home soared in February, portending a solid demand going into the spring home buying season. One reason is due to builders bringing less-expensive homes onto the market. Diving into the numbers, new home...

Aging Housing Stock Will Increasingly Require Spending for Renovation

America’s housing stock is increasingly becoming old, with structures typically about 40 years old.  This means that homeowners will likely need to do some renovation/remodeling for structural or aesthetic purposes prior to selling their home, or if sold on...

Latest New Home Sales (July 2014)

New home sales were a downer in July because buyers of newly constructed homes are not showing up just when homebuilders have started to ramp up production. Newly constructed single-family home sales fell 3 percent from the prior month....

New Home Sales in June

New home sales slid in June. The decline is not a reflection of slower housing demand, but more related to homebuilders putting up fewer homes. Whatever builders build, they are able to find buyers reasonably quick. But the homebuilding...

New Home Sales in May

Sales of newly constructed homes soared to the highest level in six years. In May, sales jumped 19 percent to an annualized pace of 504,000 units. Rising sales are a reflection of pent-up demand and indicate further increases in...