commerce department: Economic Update - Last Week in the News - 01/30/12 01:19 PM
New home sales fell 2.2% in December to a seasonally adjusted annual rate of 307,000 units from a revised rate of 314,000 units in November. Compared to a year ago, new home sales are down 7.3%. On a year over year basis, pending home sales are up 5.6% and pending home sales, a forward-looking indicator based on signed contracts, fell 3.5% in December after a 7.3% increase in November. On a year-over-year basis, pending home sales are up 5.6%.
The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending January 20 fell 5%. Refinancing … (0 comments)
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commerce department: Last Week in the News - 08/29/11 12:50 PM
Retail sales fell 1% for the week ending August 20, according to the ICSC-Goldman Sachs index. On a year-over-year basis, retailers saw sales increase 3%.
New home sales fell 0.7% in July to a seasonally adjusted annual rate of 298,000 units from a downwardly revised rate of 300,000 units in June.
Orders for durable goods — items expected to last three or more years — rose 4% in July after a revised 1.9% increase in June. Excluding volatile transportation-related goods, orders posted a monthly increase of 0.7%.
The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for … (0 comments)
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commerce department: Home sales going nowhere fast - 08/23/11 08:00 PM
Analysts reacted to the July new home sales decline Tuesday with dread, saying the housing market has years of stalled recovery ahead.
The Commerce Department reported the seasonally adjusted rate of new home sales in July declined 6.8% from one year ago, coming in below analyst expectations. Sales slumped back below the 300,000 market and sit not too far from the low of 278,000 units in August 2010.
New home sales have to compete with a flood of distressed and previously foreclosed properties. The Commerce Department estimates roughly 165,000 new homes for sale on the market, roughly equal to a 6.6-month supply. However, the … (2 comments)
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commerce department: Last Week in Real Estate News - www.4Malibu.com - 08/01/11 12:46 PM
Pending home sales, a forward-looking indicator based on signed contracts, rose 2.4% in June after an 8.2% increase in May. On a year-over-year basis, pending sales are up 19.8%.
The Standard & Poor's/Case-Shiller 20-city housing price index — on a non-seasonally adjusted basis — rose 1% in May after a 0.6% increase in April.
The consumer confidence index rose to 59.5 in July from a downwardly revised 57.6 in June. The index was benchmarked at 100 in 1985, a year chosen because it was neither a peak nor a trough in consumer confidence.
New home sales fell 1% in June to … (0 comments)
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commerce department: Housing starts up 14.6% in June to 629,000 - www.4Malibu.com - 07/19/11 05:27 PM
Housing starts rose 14.6% in June, according to Commerce Department data, continuing gains of the prior month and coming in well above most analysts' estimates.
On a seasonally adjusted basis, starts increased to the highest level since January at 629,000, up from a revised 549,000 for May and nearly 17% higher than 539,000 a year earlier.
Analysts polled by Econoday were expecting housing startsto come in at 575,000 with a range of estimates between 550,000 and 600,000. Economists surveyed by MarketWatch projected starts to come in at 580,000 for June.
In a joint release, the Census Bureau and Department of Housing and Urban Development said single-family starts climbed 9.4% in June … (0 comments)
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commerce department: December new home sales up 17.5% from prior month - www.4Malibu.com - 01/27/11 06:27 PM
New sales of single-family homes rose 17.5% in December from a month earlier to the highest level since April when the homebuyer tax credit propped up the market.
The Commerce Department said the seasonally adjusted rate of 329,000 units last month was up from a downwardly revised 280,000 for November, yet still 7.6% below 356,000 a year earlier.
Analysts surveyed by Econoday expected December home sales to climb to 300,000 with a range of estimate between 276,000 and 320,000. A Briefing.com survey projected home sales to remain flat at 280,000.
The median sales price of new homes sold last month was … (0 comments)
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