April New Residential Single Family Home Sales increased 2.3% to 454,000 in annualized sales. New Single Family Housing inventory is at a 4.1 month supply. New single family home sales are now 29.0% above April 2012 levels, but this figure has a ±20.7% margin of error. A year ago new home annualized sales were 352,000.
March New Residential Single Family Home Sales increased 1.5%, or 417,000 annualized sales. New Single Family Housing inventory is at a 4.4 month supply. New single family home sales are now 18.5% above March 2012 levels, but this figure has a ±17.2% margin of error. A year ago new home sales were 352,000.
January New Residential Single Family Home Sales soared 15.6%, or 437,000 annualized sales. Single family new home sales have not been this high since July 2008. Housing inventory is at a 4.1 month supply. Inventories haven't been this low since March 2005.
December New Residential Single Family Home Sales decreased by -7.3%, or 369,000 annualized sales. The decline wipes out November's revised 9.3% increase. As we've repeatedly cautioned, beware of this report for most months the change in sales is inside the statistical margin of error and will be revised.
October New Residential Single Family Home Sales decreased -0.3%, or 368,000 annualized sales. July through September were all revised considerably lower. September was revised down from 389,000 to 369,000, which instead of the originally reported 5.7% increase gives a 0.8% change from August.
September New Residential Single Family Home Sales increased 5.7%, or 389,000 annualized sales. June through August were all revised. August's single family new home sales were revised from 373 thousand to 368 thousand homes sold, which is a -1.3% decline instead of the -0.3% originally reported. June is now a -2.4% drop from May, or 360,000 homes and July now shows a 3.6% increase to 373,000.
August New Residential Single Family Home Sales declined by -0.3%, or 373,000 annualized sales. July's single family new home sales were not revised from their 3.6% increase. The August monthly percentage change has a ±9.3% error margin and this is why we see large revisions to new home sales figures. In other words, don't get too attached to the monthly percentage changes for odds are they will be revised.
July New Residential Single Family Home Sales increased by 3.6%, or 372,000 annualized sales. June's single family new home sales were significantly revised up, from -8.4% to -3.6%. The July monthly percentage change has a ±14.1% error margin and this is why we see large revisions to this report constantly.
June New Residential Single Family Home Sales declined by -8.4%, or 350,000 annualized sales. This monthly percentage change has a ±12.4% error margin. May's single family new home sales were significantly revised down, from +7.6% to +6.7%, or 382,000 annualized sales. April was revised up to 358,000 from 343,000 as was March, to 352,000.
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