residential real estate

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.

Case-Shiller Indices Show Home Prices Clearly Outpace Inflation

The May 2015 S&P Case Shiller home price index shows a seasonally adjusted 4.9% price increase from a year ago for the 20 metropolitan housing markets and a 4.7% yearly price increase in the top 10 housing markets.  The year over year change is pretty much the same as April using the seasonally adjusted data.

Existing Home Sales Up 3.2% As Prices Soar To Record Highs

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.

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.

Existing Home Sales Bubble Up 1.2% from the February Northeast Frozen Tundra

NAR's existing home sales bounced up slightly for February with a 1.2% sales increase.  This is surprising sales increased at all, even with seasonality adjustments, considering America's East was stuck in either a snow bank or an ice cube for the month..  This makes sales 4.7% higher than February of last year.  Sales by volume was 4.88 million in February.