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 Real Estate News – August 2012
In this Issue:* New Home Sales Down in June Home Refinancing: What You Need to Know Is The Housing Crisis REALLY Over? New Home Sales Down in June When new home sales drop in the month of June, it’s cause for concern. June is traditionally one of the best months of the year […]
New Home Sales Up – More Buyers Paying Cash
According to the U.S. Census Bureau, the pace of new home sales rose in January, exceeding forecasts and revised the December stats to reflect a higher rate of home sales, all of which is good news for a suffering new home construction sector. This growth is in line with recent reports of builder confidence levels […]
New Home Sales Up
According to the U.S. Census Bureau, new home sales rose 1.3 percent in October from September and are up 8.9 percent from October 2010, and although the rate fell short of economists’ forecasts, improvement in the hardest hit sector is welcomed by new home builders in any form. The month ended with a 6.3 month […]
Real Estate: New Home Sales Update
New home sales in June fell by 1.0% from May, to a rate of 312,000. Relative to a year ago, sales are up 1.6%. While the rebound is more than welcome, it is still a very dismal rate of new home sales. Also, there was a downward revision to the May numbers of 4,000 to […]
Housing starts to grow 21% in 2011
Housing will see gradual improvements this year, establishing momentum for stronger gains in 2012, said economists at the National Association of Home Builders International Builders’ Show recently. “This year’s spring selling season will be better than last year’s,” said NAHB Chief Economist David Crowe, with job growth providing a stronger stimulus in the housing market […]
New Home Sales Jump in June
New Home Sales Jump in June Sales of new homes jumped in June, but it was the second-weakest month on record. New home sales rose nearly 24 percent in June from a month earlier to a seasonally adjusted annual sales pace of 330,000. May’s number was revised downward to a rate of 267,000, the slowest […]
New Home Sales Plunge 33 Percent With Tax Credits Gone
New Home Sales Plunge 33 Percent With Tax Credits Gone Sales of new homes collapsed last month, sinking 33 percent to the lowest level on record as potential buyers stopped shopping for homes once they could no longer get government incentives. The Commerce Department says new home sales fell in May from a month earlier […]