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New Home Sales Up

New Home Sales Up in December




New Home SalesSales of new single-family houses in December 2015 were at a seasonally adjusted annual rate of 544,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 10.8 percent above the revised November rate of 491,000 and is 9.9 percent above the December 2014 estimate of 495,000.

The median sales price of new houses sold in December 2015 was $288,900; the average sales price was $346,400. The seasonally adjusted estimate of new houses for sale at the end of December was 237,000. This represents a supply of 5.2 months at the current sales rate. An estimated 501,000 new homes were sold in 2015. This is 14.5 percent above the 2014 figure of 437,000.

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National Home Prices Increase in November




Data released for November 2015 for the S&P/Case-Shiller Home Price Indices show that home prices continued their rise across the country over the last 12 months.
The Index recorded a […] Continue Reading…

Housing Starts Down

Housing Starts Down in December




The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential construction statistics for December 2015.
BUILDING PERMITS
Privately-owned housing units authorized by building […] Continue Reading…

Pending Home Sales Down

Pending Home Sales Decline Slightly in November




Pending home sales in November slightly declined for the third time in four months as buyers continue to battle both rising home prices and limited homes available for sale, […] Continue Reading…

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National Home Prices Continue Their Rise




Data released by  S&P/CaseShiller Home Price Indices for October 2015 show that home prices continued their rise across the country over the last 12 months.
The S&P/Case-Shiller U.S. National Home […] Continue Reading…