new home sales

Sales of New and Existing Homes Drop in February

March 25, 2021 by Ted Leave a Comment

New home sales are down - photo of a new home

Is Housing a Bubble About to Burst?

After a spectacular run in 2020, it looks as though housing may be taking a pause to regroup. Strata-gee reported last week that residential construction starts had dropped by 10.3% in February. Now we learn that sales of newly built single-family homes have also dropped in February, this time by a scary 18.2% to a seasonally adjusted annual rate of 775,000 units. On top of that, existing home sales also dropped in February, coming in at 6.22 million units or 6.6% off of January’s rate.

What’s going on in housing?…

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New Home Sales Show a Sharp Decline in November

January 7, 2021 by Ted Leave a Comment

In late December we got the latest data from the U.S. Commerce Department on the sales of new homes in November 2020. According to the government, new home sales showed a sharp decline in November. The fact that there was a decline itself was not as much of a surprise to analysts as much as how sharp that decline was that caught their attention.

Many analysts are suggesting that this decline in home sales is another indicator of a slowing economy.

See more on this key economic data point…

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Residential Construction & New Home Sales Bounce Back in June

July 28, 2020 by Ted 1 Comment

Two new economic reports from June covering the housing industry show promising results, with both residential construction (otherwise known as housing starts), and sales of newly constructed homes taking a nice bounce in June. This was welcome news after dramatic declines hit the housing market in early Spring.

But will it hold?

See more on the changing housing market

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Tighten Your Harness, The Rocket Ship U.S. Economy is Coming Down Hard

April 23, 2020 by Ted Leave a Comment

You knew it was coming, but we just couldn’t see it until statistical data caught up with the rapidly changing U.S. economy. But now, we are getting a snapshot of these changes and they are breathtaking…and a little scary. Hold on tight…it’s going to get worse before it gets better.

See a selection of data showing the economy hitting the brakes…

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New Home Sales & Housing Starts Decline in February, A Hint of Things to Come

March 25, 2020 by Ted Leave a Comment

The U.S. Census Bureau and the U.S. Department Housing and Urban Development announced this week that sales of newly built residences fell in February 2020. Housing starts also fell in February. This housing market downturn is likely a precursor to much more dramatic declines when figures for March 2020 are reported – a time period when the coronavirus (COVID-19) pandemic began to really take hold across America, forcing State and City governments across the U.S. to order residents of all non-essential businesses to stay home.

See more on the drop in new home sales…

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New Home Sales Decline in December 2019

January 30, 2020 by Ted Leave a Comment

Last week, Strata-gee reported that housing construction starts jumped mightily in December 2019 – but now we learn in a new report from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development that new home sales actually declined at the same time. Typically, analysts like to see both home sales and construction starts increase together as an indicator of a healthy economy.

See more on this latest economic data…

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Oct. Housing Data is Split: Home Construction UP, Home Sales DOWN

November 26, 2019 by Ted Leave a Comment

In new data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, the readings appear split with housing starts showing increases while new home sales declined. Housing, a prime component of the overall U.S. GDP has been in a bit of a swell over the last couple of months, driven largely by low interest rates stimulating demand for homes.

See more on the latest housing data…

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More Mixed Signals from Housing – Starts Down, Sales Up

July 26, 2019 by Ted Leave a Comment

Housing - Photo of newly constructed home

In the choppy waters of today’s current economy, we continue to get mixed signals – this time from the housing market. Last week, we learned that residential construction starts declined in June by 0.9% below the rate in May. This week, we find that sales of newly built homes in June increased by 7% as compared to sales in May.

What should we make of developments in housing?…

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Buyers Slammed the Door on Sales of New Single-Family Housing

May 27, 2019 by Ted Leave a Comment

The latest data from the Census Bureau shows that sales of new single-family housing in April dropped to a rate of 673,000 on a seasonally adjusted annual basis. This level is down a substantial 6.9% from the adjusted rate for March of 723,000 houses sold.

See more on this drop in sales of new housing

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Conflicting Housing Data Shows Economic Zigs & Zags

April 25, 2019 by Ted Leave a Comment

Two different economic reports on the residential housing market show conflicting results. One report is on the latest data in housing starts…the other contains the latest results on new home sales. But these reports paint two very different pictures. Is housing growing? Or rather, is it fading?

Read on to see what’s happening in housing…

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new home sales

Sales of New and Existing Homes Drop in February