Sales of new homes increased nearly 7 percent in April to a seasonally adjusted annual rate of 517,000, according to the U.S. Census Bureau. New Homes Numbers Still Below Average The new homes numbers are still below-average historically, but they are up 26 percent compared with April 2014. Plus, home builders were relieved that sales […]
Gulf Shores New Homes: Market Looking to Recover
The Gulf Shores new homes market was a bit on the sluggish side overall in 2014, but some analysts look for things to turn around in the next 2 to 3 years. Some blame the overall slow comeback on builders who are reluctant to move very far outside of their familiar markets into more peripheral […]
Gulf Shores New Home Sales Hit 6 Year High
After falling for two consecutive months, Gulf Shores new home sales jumped 18 percent in August to the highest level since 2008. The jump in Gulf Shores new home sales for August comes during the same month when housing construction slumped. Housing starts fell 14.4 percent in August, the biggest one-month drop in more than […]
Gulf Shores New Home Sales Down Again in July
Gulf Shores new home sales fell for a second straight month in July, but a surge in the stock of properties on the market and a moderation in price increases should help to stimulate demand in the months ahead. Other data released recently showed activity in the vast services sectors slowed again in August. The […]
Gulf Shores New Home Sales Up in October
Statistics from the Mortgage Bankers Association indicate an increase in Gulf Shores new home sales in October. MBA's Builder Application Survey for October shows mortgage applications for Gulf Shores new home sales increased by 11 percent from September. The change doesn't include any adjustments for seasonal patterns. Breaking the data down by product type: Conventional […]
New Home Sales See 5-Year High in May
Signs of a strengthening housing market continue to surface, with single family new home sales reaching their highest level in nearly five years during May. The Commerce Department reports that sales increased 2.1 percent to a seasonally-adjusted annual rate of 476,000 units — the highest level since July 2008. Third Straight Month for New Home […]
Gulf Shores Housing Sees Strong Recovery Starting
A strong recovery appears to be starting for Gulf Shores housing, according to a report released recently by Goldman Sachs Group. Their report notes that Gulf Shores housing has a “long list of positives,” including rising prices, job growth, supportive government policies and a decline in the so-called shadow inventory of homes. Sachs reported, “The […]