Category Archives: New Home Sales

Upbeat Housing Reports

Two recent data points – existing home sales and mortgage debt outstanding – point to continued strength in the housing recovery. May total existing home sales, including single family homes, town houses and condominiums, were 5.35 million, up 5.1% and the highest figure since November 2009. Sales of single family homes were 4.73 million, 5.6% […]

Late Spring For Housing

Housing starts surged in April with strong gains in single family homes as well as two to four unit and five or more unit buildings. Construction of single family homes has been lagging in recent years. If the gains are confirmed by next month’s numbers, maybe housing will finally have a late spring season.  Sales […]

U.S. Housing Finance Reform: The Potential Credit Impact On Financial Institutions And Mortgage Insurers

The U.S. Real Estate Industry: Standard & Poor’s Addresses The Top Investor Questions

New Home Sales Dropped By 8.4% To 350,000 In June

U.S. new home sales dropped by 8.4% to a 350,000 annualized unit rate in June. This was much weaker than the 369,000 unit rate expected by consensus and our 360,000 unit forecast. However, it comes after the prior three months were upwardly revised to add another 33,000 units to total sales. May sales, in particular, […]

U.S. House Prices Should Generally Rise Going Forward, But Not Without Some Dips

U.S. home prices started to rise in recent months, and Standard & Poor’s Ratings Services expects this to continue into the summer, given the seasonal trends of the past few years. We don’t expect this rise to be uninterrupted, however. Prices will likely dip again later this year as newly foreclosed properties reach the market, […]

U.S. Existing Home Sales Fell By 5.4% To 4.37 Million Units In June

U.S. existing home sales fell by 5.4% to an annualized 4.37 million unit rate in June, which was weaker than the 4.62 million units expected by consensus though it comes after May was upwardly revised to 4.62 million units from 4.55 million units previously. Single family sales dropped by 5.1% to a 3.9 million unit […]

U.S. New Home Sales Jump 7.6% To 369,000 Units In May

U.S. new home sales jumped by 7.6% over April to 369,000 units in May, which was stronger than the 346,000 unit rate expected by consensus and the best level since April 2010. New home sales are now 19.8% above the 308,000 unit rate seen in May 2011. On a month-over-month basis, the jump in total […]

New Home Sales Rise 3.3% to 343,000 in April

New home sales advanced 3.3% m/m to an annualized pace of 343,000 units in April, stronger than the 335,000 expected by consensus and after sales for March were revised up to 332,000 from an original reading of 328,000. April sales in the Midwest, West and Northeast reported monthly gains (up 28.2%, 27.5% and 7.7%, respectively), […]

Economic Update: U.S. New Home Sales Fell 1.6% in February

U.S. new home sales fell 1.6% in February to a 313,000 units pace. The reading was weaker than the 325,000 units expected by consensus and comes after January was revised down to a 318,000 unit pace (was 321,000), though at least December was revised up to a 336,000 unit pace (was 324,000). In contrast to […]

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