Sales of new single-family homes in December beat the market's median estimate by a wide margin, rising by 11.9% to 811,000 on an annual basis, according to data released by the Commerce Department on Wednesday. Although November's reading for the month-over-month change was revised down to 1.7%, that marked the second month of back-to-back increases of ... READ MORE >
new home sales
New home sales highest since March
New home sales increased by 14% in September to 800,000, the highest since March, indicating that strong demand for new houses continued to drive the market, according to Commerce Department data released on Tuesday. This was the biggest one-month percentage increase since July 2020, as the change in new home sales in August of this year was revised ... READ MORE >
CHART OF THE DAY: New home sales jump 20.7% in March
New home sales in the United States bounced back with a 20.7% increase in March after a surprising 18.2% decline in February, according to Commerce Department data released Friday. The robust gain, which came as sales surpassed 1 million for the second time this year, shows that February’s decline was most likely a weather-driven outlier when a winter ... READ MORE >
CHART OF THE DAY: New home sales drop 18.2% in February as market cools
The housing market continued to cool off from the torrid pace of last year as bad weather and rising costs took a toll in February. New home sales fell 18.2% last month, compared to January, to a seasonally adjusted 775,000 -- a nine-month low. At the same time, median home prices eased 1% to $349,400 nationally, according to government data released on ... READ MORE >
CHART OF THE DAY: New home sales continue to rise
The demand for new homes continues to be high as Americans take advantage of low interest rates and flee cities in search of more room. Sales of new homes in January increased by 4.3% month over month, exceeding expectations and climbing to a seasonally adjusted annual rate of 923,000, the Commerce Department reported on Wednesday. At the same time, ... READ MORE >
CHART OF THE DAY: New home sales bounce back
New home sales bounced back to 842,000 in December, representing a 1.8% increase over the previous month, the Commerce Department reported on Thursday. The 11% month-over-month decline in November was a jarring halt to the red-hot housing market that had new home sales in excess of 949,000 from July through October. While many saw that decline as a ... READ MORE >
CHART OF THE DAY: New home sales continue to surge
Sales of new homes have continued to reach new heights, increasing by 4.8% to a seasonally adjusted rate of a little more than 1 million for August – the first time new home sales had eclipsed that mark since 2006. Compared to the same period a year earlier, sales surged 43.2%, according to data released from the U.S. Census Bureau on ... READ MORE >