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new home sales: July New Home Sales Fall to Five-Month Low - 08/23/11 10:19 AM
Sales of new homes in July fell to the lowest level in five months, surprising analysts who had predicted a slight increase.  Falling to an annual rate of 298,000, new home sales are remain up over 2010 with the inventory of new homes falling to a record low of 165,000. 
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new home sales: New Home Sales Flat And Prices Down - 09/24/10 10:56 AM
An article on Bloomberg reports that sales of new home in August came in below expectations and matching the second lowest level on record. Sales remained flat, equaling July’s number of 288,000 and appear to have been unaffected by continued low mortgage rates.
 
Competition from foreclosures and short sales added to home builder’s problems, pulling median prices down to a six-year low. With continued high unemployment, tighter lending restrictions, and the general gloom felt by consumers, little change is expected in the near-term.
 
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new home sales: Do The New Home Sales Numbers Indicate A Turnaround In Housing? - 04/24/10 09:59 AM
Okay, so March sales of new homes “rocketed” to the highest gain in nearly 50 years, but do the new home sales numbers indicate a turnaround in housing? Hardly. While I understand everyone wants to hear good news, we also need to be realistic and need to know what’s going on in order to make the best business decisions. Here’s the bottom line on the numbers.
 
According to the Census Bureau, new home sales increased by 7,000 over March 2009, but the increase can be totally attributed to the housing tax credit; and even though sales showed a dramatic improvement … (40 comments)

new home sales: New Home Sales Continue To Fall - 08/31/09 10:06 PM
July new home sales were the third worst since the government began tracking the numbers in 1963. And while builder confidence has increased slightly from its low in January, it remains the lowest in 25 years. Poor builder confidence continues to hold housing starts at record lows, and most builders see a very gradual recovery over several years.
 
While recent news reports have focused upon slight month to month improvements, the reality for new homes and housing in general is that the market is still millions of units below "normal" sales and will remain there for the foreseeable future.  Expected … (2 comments)

new home sales: The Housing Bottom We've Reached Is Quicksand - 08/31/09 06:56 AM
Recession over? Recovery on the way? Housing on its way back up? Don’t prepare for the boom just yet. While the talking heads—they’re called that for a reason—are focusing upon a few bits of positive economic news, the economy still continues its slump.
 
I think it’s important that we be aware of our economic reality rather than to ignore the facts, focusing upon “rosy” news reports and wishful scenarios that may never come to pass. Awareness of the reality is fundamental to making rational and prudent business decisions. I want the facts, and will create my goals based upon what … (10 comments)

new home sales: Let's Put Things In Perspective - 08/01/09 04:06 PM
New home sales are up 11%, and that means housing has bottomed and the recovery is on the way, right? Not quite. Let’s put things in perspective.
 
While the numbers being reported reflect an 11% increase in sales from May to June—month to month—that’s not a truly significant statistic. However, a statistic that is important is the year to year number, and that shows that June sales, as compared to June of ’08 are down by 20.5%; and for those who have forgotten, sales in June of ‘08 were terrible, an annual rate of only 488,000 homes. By comparison, … (14 comments)

 

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