housing inventory

Existing Home Sales - Affordability at Five Year Low

The NAR reported existing home sales declined -1.9% from last month and are up 10.7% from last year.  Sales have increased on a yearly basis for the last 27 months in a row.   Inventories are still a very tight five months of supply.  Inventories increased 2.0% from last month but are down, -7.4% from a year ago.   Existing homes sales nationwide have increased 10.7% from a year ago.

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.

Existing Home Sales Drop -1.2% for June 2013

The NAR reported existing home sales declined -1.2% from last month and May figures were revised down by 40,000 annualized units.  The revision gives a 3.4% monthly May gain instead of the 4.2% originally reported.   Inventories are still a very tight 5.2 months of supply, a 4.0% increase from last month's five month supply and a -18.8% annual drop in supply for existing sales demand.

Bubble, Bubble, Toil and Trouble as Existing Home Sales Rise for May 2013

The NAR reported existing home sales jumped 4.2% from last month and inventories are still a very tight 5.1 months of supply for May 2013.   Existing homes sales have increased 12.9% from a year ago.  Volume was 5.18 million against April's 4.97 million annualized existing home sales.

New Home Sales Increase 2.3%, Prices Skyrocket for April 2013

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.

New Home Sales Increase 1.5% for March 2013

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.

Existing Home Sales Decline 0.6% for March 2013

NAR reported their March 2013 Existing Home Sales.  Existing home sales decreased -0.6% from last month and inventories increased to a still very tight 4.7 months of supply.   Existing homes sales have increased 10.3% from a year ago.    Volume was 4.92 million against February's 4.95 million, annualized existing home sales.

Existing Home Sales Increase 0.8% for February 2013

NAR reported their February 2013 Existing Home Sales.  Existing home sales increased 0.8% from last month and inventories increased to a still very tight 4.7 months of supply.   Existing homes sales have increased 10.2% from a year ago.    Volume was 4.98 million against January's 4.94 million, annualized existing home sales.

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