New Home Sales Archive

Latest New Home Sales (April 2015)

New home sales surged in April and they are selling quickly.  The only problem is we are not yet building enough to fully satisfy the demand. Specifically, new home sales rose 26 percent from one year ago in April...

Raw Count of Home Sales (March 2015)

Existing home sales rose 6.1 percent in March from one month prior while new home sales fell 11.4 percent.  These headline figures are seasonally adjusted figures and are reported in the news.  However, for everyday practitioners, simple raw counts...

Latest New Home Sales (March 2015)

Contract signings to buy a newly constructed home fell in March from the prior month.  The likely reason is the lack of construction rather than the lack of demand.  The single-family housing starts had been lower in February and...

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...