New Home Sales Archives - CENTURY 21 Advantage Gold

Case-Shiller: Home Price Growth Slows in May

According to the S&P Case-Shiller 20-City Home Price Index, home price growth in May dropped to a seasonally adjusted annual rate of 5.20 percent as compared to April's reading of 5.40 percent. Analysts said that low mortgage rates continue to support housing markets, but also noted that affordability due to rising home prices is sidelining some would-be buyers. High demand for homes coupled with slim supplies of available homes have driven prices up for months; analysts said that "tentative signs" of slower gains in home prices were seen.

By Bill Lublin|2017-08-10T02:01:04-04:00July 27th, 2016|Mortgage Rates|Comments Off

What’s Ahead For Mortgage Rates This Week – May 31, 2016

Last week's economic reports included new home sales, pending home sales along with weekly mortgage rates and new jobless claims.

By Bill Lublin|2017-08-10T02:02:11-04:00May 31st, 2016|Mortgage Rates|Comments Off

What’s Ahead For Mortgage Rates This Week – December 28, 2015

This week's report of economic events is shortened due to the Christmas holiday. Economic news through Wednesday included Existing Home Sales, New Home Sales and Consumer Spending.

By Bill Lublin|2017-08-10T02:05:19-04:00December 28th, 2015|Market Outlook|Comments Off

DOC New Home Sales and NAR Existing Home Sales

The Department of Commerce reported July sales of new homes dropped by 2.40 percent over June to a four month low. Analysts noted that although July's reading of 412,000 new homes sold fell short of expectations and June's reading, the new homes sector is volatile and subject to change.

By Bill Lublin|2017-08-10T02:13:08-04:00August 26th, 2014|Housing Market|Comments Off

What’s Ahead For Mortgage Rates This Week – March 3, 2014

Last week's economic news was mixed, with new home sales increasing and weekly jobless claims higher than expected. Case-Shiller and FHFA home price reports reflected slower growth in home prices. Mortgage rates moved higher for the third consecutive week.

By Bill Lublin|2017-08-10T02:17:28-04:00March 3rd, 2014|Mortgage Rates|Comments Off

What’s Ahead For Mortgage Rates This Week – February 03, 2014

Last week brought mixed news; while the Department of Commerce reported a dip in new home sales, mortgage rates also fell. The Federal Reserve's FOMC statement revealed that quantitative easing would be further reduced by an additional $10 billion monthly.

By Bill Lublin|2017-08-10T02:17:59-04:00February 3rd, 2014|Mortgage Rates|Comments Off

New Home Sales Show Healthy Year-Over-Year Increase

The holiday season and winter weather slowed home sales in November. Last week, the NAR reported that sales of existing homes had slumped to their lowest level in nearly a year, but this was not unexpected.

By Bill Lublin|2017-08-10T02:18:48-04:00December 31st, 2013|Housing Analysis|Comments Off

New Home Sales Remain Elevated Into Q4 2012

According to the Commerce Department, New Home Sales slipped 1,000 units last month, falling to 368,000 units on a seasonally-adjusted, annualized basis.

By Bill Lublin|2017-08-10T02:25:28-04:00November 29th, 2012|Housing Analysis|Comments Off

What’s Ahead For Mortgage Rates This Week : October 29, 2012

Pricing for both conforming and FHA mortgage rates improved between Monday and Friday, with the majority of gains occurring late in the week.

By Bill Lublin|2017-08-10T02:26:03-04:00October 29th, 2012|Mortgage Rates|Comments Off

New Home Supply Remains Firmly In “Seller’s Market” Territory

According to the U.S. Census Bureau, the number of new homes sold jumped to 389,000 units in September 2012 on a seasonally-adjusted, annualized basis.

By Bill Lublin|2017-08-10T02:26:02-04:00October 26th, 2012|Housing Analysis|Comments Off

New Home Supply Remains Firmly In “Seller’s Market” Territory

According to the U.S. Census Bureau, the number of new homes sold slipped 0.3 percent in August 2012 to a seasonally-adjusted, annualized 373,000 units sold.

By Bill Lublin|2017-08-10T02:26:42-04:00September 27th, 2012|Housing Analysis|Comments Off

New Home Sales Reach Multi-Year High

As reported by the U.S. Department of Commerce, 372,000 new homes were sold in July on a seasonally-adjusted, annualized basis.

By Bill Lublin|2017-08-10T02:27:11-04:00August 29th, 2012|Housing Analysis|Comments Off