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

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 … Continue reading

Conflicting Housing Data Shows Economic Zigs & Zags

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 … Continue reading

Contrary to Other Housing Data, New Home Sales Decline in October

In a somewhat surprising reversal of fortune for the housing market, new data from the U.S. Department of Commerce shows that sales of new single family homes actually declined in October to a seasonally adjusted annual rate (SAAR) of 368,000 … Continue reading