new home sales

New Home Sales Down -6.1% From a Year Ago

The February 2016 New Residential Single Family Home Sales increased by 2.0%.  Don't get too excited as the ±18.8% error margin is way larger than the actual monthly gain.  Monthly sales increased by 10,000 annualized units to 512,000 for the month.  Annual sales have contracted by -6.1%.  Sales were 545,000 a year ago.  The annual -6.1% sales change has a ±17.9% error margin.

New Home Sales Plunge -11.5% While Prices Soar

The September 2015 New Residential Single Family Home Sales plunged by -11.5%.  Sales dropped by 61,000 annualized units to 468,000 for the month.  August was significantly revised downward from 552 thousand to 529 thousand sales.  The plunge took annual growth from 21.6% as reported last month to only 2.0% growth from the 459,000 year ago sales levels.

New Home Sales Pop Up by 5.7% in August

The August 2015 New Residential Single Family Home Sales increased by 5.7%.  Sales jumped up by 30,000 annualized units to 552,000 for the month.  July was significantly revised upward from 507 thousand to 532 thousand sales.  These are levels not seen since February 2008.  For the year, new single family home sales are up 21.6% from the year ago 454,000 sales levels.

New Home Sales Increase 6.8% While Prices Surge

The April 2015 New Residential Single Family Home Sales surged 6.8% to 517,000 in annualized sales.  For the year, new single family home sales are up 26.1% from the year ago 410,000 sales levels.  The annual increase is well above the ±15.4% margin of error.  In no uncertain terms people are buying up new homes again.

New Home Sales Stay At High Levels But Median Price Increases

The January 2015 New Residential Single Family Home Sales decreased -0.2% to 481,000 in annualized sales.  This change is maintaining six year highs and this month is well within the statistical error margin of ±22.2%. .  For the year, new single family home sales are up 5.3% from the January 2014 457,000 sales levels.

December New Home Sales Surge, But Annual Sales Up Only 1.2%

The December New Residential Single Family Home Sales increased 11.6% to 481,000 in annualized sales.  This change is well within the statistical error margin of ±16.5%, but the highest level in six years.   New home sales are notorious to be revised so while this surge seems strong, the figure to pay attention to is the annual sales.

New Home Sales January 9.6% Surge Still Inside Error Margin

January 2014 New Residential Single Family Home Sales increased 9.6% to 468,000 in annualized sales.  This change is well within the statistical error margin of ±17.9%.   This is the highest level of new home sales since July 2008.  New single family home sales are now just 2.2% above January 2013 levels, but this figure has a ±20.2% margin of error.

New Home Sales Plunged 13.4%, Previous Months Revised Down

July 2013 New Residential Single Family Home Sales plunged -13.4% to 394,000 in annualized sales and April through June were significantly revised lower.  New Single Family Housing inventory is now a 5.2 month supply.  New single family home sales are now 6.8% above July 2012 levels, but this figure is well within the ±18.6% margin of error.

New Home Sales Increase 8.3% for June 2013

June New Residential Single Family Home Sales increased 8.3% to 497,000 in annualized sales.  This change is well within the statistical error margin of ±20.5%.   New Single Family Housing inventory is at a 3.9 month supply low.  New single family home sales are now 38.1% above June 2012 levels, but this figure has a ±22.0% margin of error.

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