The February 2017 New Residential Single Family Home Sales increased by 6.1%. Monthly sales increased by 34,000 annualized units to 592,000 for the month. Annual sales have increased 12.8%. Sales were 525,000 a year ago.
NAR's February existing home sales dropped 3.7% from January. Sales were 5.48 million, whereas January had 5.69 million annualized sales. Sales are still a soaring 5.4% higher than a year ago. Prices are through the roof and inventories are now absurdly tight.
The April 2016 New Residential Single Family Home Sales increased by an astounding 16.6% from March. The monthly gain is also unusually outside the ±15.4% margin of error. Monthly sales increased by 88,000 annualized units to 619,000 for the month. This is the highest monthly percentage gain in 24 years and new home sales are now at an eight year high. Sales were 545,000 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.
NAR's February existing home sales plunged 7.1% from January's six month record high. Sales were 5.08 million, a far cry from January's 5.47 million annualized sales. In February 2007 existing home sales were 5.79 million. Sales are now 2.2% higher than a year ago. Prices are through the roof and inventories are very tight.
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.
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.
NAR's existing home sales jumped to yet another record high. Sales were up 2.0% to 5.59 million, a high not seen in over eight years. In February 2007 existing home sales were 5.79 million. Sales are 10.3% higher than a year ago. Existing home sales have been above their year previous amounts for ten months in a row now.
The June 2015 New Residential Single Family Home Sales plunged -6.8%. Sales dropped from 517,000 to 482,000 for the month. For the year, new single family home sales are up 18.1% from the year ago 408,000 sales levels. The annual increase is equal to the ±18.1% margin of error.
NAR's existing home sales really shot up in June with a 3.2% sales increase to 5.49 million annualized existing home sales. This is an eight and a half year high. In February 2007 existing home sales were 5.79 million. This makes sales 9.6% higher than June of last year. Existing home sales have been above their year previous amounts for six months now.
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