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Economy

Economic Data (USA)

Thursday, October 26, 2023

New Home Sales During September 2023

The September 2023 New Home Sales report was released by the Commerce Department this morning:

------------------------------------------------------

Previous Month (revised): 676,000
  • Actual New Home Sales: 759,000

------------------------------------------------------

  • Change from 1 Month Previous: +83,000 units (+12.28%)

  • Change from 1 Year Previous: +192,000 units (+33.86%)


------------------------------------------------------

Median Price for a New Home
During September 2023: $418,800 
 

***************************

Average Price for a New Home
During September 2023: $503,900

------------------------------------------------------

Inventory: 435,000 (6.9) months supply at current sales rate; seasonally‐adjusted estimate.)

------------------------------------------------------

================================

CHART: New Home Sales - September 2023 Update
CHART: New Home Sales
September 2023 Update

================================


================================


Compiled jointly by the U.S. Commerce Department and the U.S. Department of Housing and Urban Development, the yellow-highlighted figure above is the seasonally adjusted and annualized number of newly-built homes with committed buyers for the indicated month.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

The New Home Sales report is watched by economists and investors because it offers insight into the state of the U.S. housing market, and also provides data that can be used to predict sales of large household furniture and appliances like refrigerators, air conditioners, microwave ovens, etc.


================================

================================

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Wednesday, August 23, 2023

New Home Sales During July 2023

The July 2023 New Home Sales report was released by the Commerce Department this morning:

------------------------------------------------------

Previous Month (revised): 684,000
  • Actual New Home Sales: 714,000

------------------------------------------------------

  • Change from 1 Month Previous: +30,000 units (+4.39%)

  • Change from 1 Year Previous: +171,000 units (+31.49%)


------------------------------------------------------

Median Price for a New Home
During July 2023: $436,700 
 

***************************

Average Price for a New Home
During July 2023: $513,000

------------------------------------------------------

Inventory: 437,000 (7.3 months supply at current sales rate; seasonally‐adjusted estimate.)

------------------------------------------------------

================================

CHART: New Home Sales - July 2023 Update
CHART: New Home Sales
July 2023 Update

================================


================================


Compiled jointly by the U.S. Commerce Department and the U.S. Department of Housing and Urban Development, the yellow-highlighted figure above is the seasonally adjusted and annualized number of newly-built homes with committed buyers for the indicated month.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

The New Home Sales report is watched by economists and investors because it offers insight into the state of the U.S. housing market, and also provides data that can be used to predict sales of large household furniture and appliances like refrigerators, air conditioners, microwave ovens, etc.


================================

================================


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Tuesday, August 22, 2023

Existing Home Sales During July 2023

The Existing Home Sales report for July 2023 was released by The National Association of Realtors® (NAR®) this morning:

======================

Previous Month: 4,160,000

  • Actual: 4,070,000
======================

  •  Change from Previous Month: -2.16% (-9,000 homes)

  •  Change from A Year Ago: -16.6% (-81,000 homes)
==========

Inventory: 1,110,000 (3.3 months supply.)

==========

The yellow-highlighted, "actual" figure above represents the preliminary, seasonally adjusted annualized sales count of existing homes, co-ops and condominiums for the indicated month. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

------------------------------------------------------

  • Median Price: $406,700

  • Price Change from A Year Ago: +1.93% (+$7,000)


------------------------------------------------------ 

==========


==========

From Today's Report:

"...'Two factors are driving current sales activity – inventory availability and mortgage rates,' said NAR Chief Economist Lawrence Yun. 'Unfortunately, both have been unfavorable to buyers.'

'Most homeowners continue to enjoy large wealth gains from recent years with little concern about home price declines,' Yun said. 'However, many renters are concerned as they’re facing growing affordability challenges because of high interest rates.'

According to Freddie Mac, the 30-year fixed-rate mortgage averaged 7.09% as of August 17. That’s up from 6.96% the prior week and 5.13% one year ago.
.."

==================


==================

INFOGRAPHIC: Existing Home Sales - July 2023 UPDATE

INFOGRAPHIC: Existing Home Sales
July 2023 UPDATE


==================





==================

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Thursday, July 27, 2023

New Home Sales During June 2023

The June 2023 New Home Sales report was released by the Commerce Department this morning:

------------------------------------------------------

Predicted: 710,000
  • Actual New Home Sales: 697,000

------------------------------------------------------

  • Change from 1 Month Previous: -18,000 units (-2.517%)

  • Change from 1 Year Previous: +134,000 units (+23.801%)


------------------------------------------------------

Median Price for a New Home
During June 2023: $415,400 
 

***************************

Average Price for a New Home
During June 2023: $494,700

------------------------------------------------------

Inventory: 432,000 (7.4 months supply at current sales rate; seasonally‐adjusted estimate.)

------------------------------------------------------

================================

 CHART: New Home Sales - June 2023 Update

CHART: New Home Sales
June 2023 Update

================================


================================


Compiled jointly by the U.S. Commerce Department and the U.S. Department of Housing and Urban Development, the yellow-highlighted figure above is the seasonally adjusted and annualized number of newly-built homes with committed buyers for the indicated month.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

The New Home Sales report is watched by economists and investors because it offers insight into the state of the U.S. housing market, and also provides data that can be used to predict sales of large household furniture and appliances like refrigerators, air conditioners, microwave ovens, etc.


================================

================================


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Wednesday, June 28, 2023

New Home Sales During May 2023

The May 2023 New Home Sales report was released by the Commerce Department this morning:

------------------------------------------------------

Predicted: 700,000
  • Actual New Home Sales: 763,000

------------------------------------------------------

  • Change from One Month Previous: +83,000 units (+12.206%)

  • Change from One Year Previous: +127,000 units (+19.97%)


------------------------------------------------------

Median Price for a New Home
During May 2023: $416,300 
 

***************************

Average Price for a New Home
During May 2023: $487,300

------------------------------------------------------

Inventory: 428,000 (6.7 months supply at current sales rate; seasonally‐adjusted estimate.)

------------------------------------------------------

================================

 CHART: New Home Sales - May 2023 Update
CHART: New Home Sales
May 2023 Update

================================


================================


Compiled jointly by the U.S. Commerce Department and the U.S. Department of Housing and Urban Development, the yellow-highlighted figure above is the seasonally adjusted and annualized number of newly-built homes with committed buyers for the indicated month.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

The New Home Sales report is watched by economists and investors because it offers insight into the state of the U.S. housing market, and also provides data that can be used to predict sales of large household furniture and appliances like refrigerators, air conditioners, microwave ovens, etc.


================================

================================

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Wednesday, May 17, 2023

Housing Starts During April 2023

The U.S. Commerce Department this morning released its Housing Starts report for April 2023:

---------------------------------------------------

Housing Starts:
Predicted: 1,400,000
Actual: 1,401,000

Change From Previous Month: +2.19% (+30,000 New Units)

  • Change From One Year Previous: -22.3% (-402,000 New Units)

---------------------------------------------------

Building Permits:
Predicted: 1,400,000
Actual: 1,416,000

Change From Previous Month: -1.46% (-21,000 New Permits)

  • Change From One Year Previous: -21.11%  (-379,000 New Permits)

----------------------------------------------------

Housing Starts: The top, yellow-highlighted figure is a measure of initial construction of single and multi-family residential units in the United States for the indicated month. Seasonally adjusted annual rate. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

If you're wondering about the demand for new homes in the United States, or about the American residential construction industry in general, then you should pay attention to the monthly Housing Starts report. This report also offers insight into specific types of consumer spending: when housing starts are up, demand for the stuff that a consumer would purchase for a new home (large appliances, consumer electronics, furniture, etc.) tends to also rise -- and vice versa.


=================

CHART: Housing Starts + Building Permits + Completions - April 2023 Update

CHART: Housing Starts
+ Building Permits
+ Completions
 April 2023 Update


=================


================


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Tuesday, December 20, 2022

Housing Starts During November 2022

The U.S. Commerce Department this morning released its Housing Starts report for November 2022:

---------------------------------------------------

Housing Starts:
Predicted: 1,500,000
Actual: 1,427,000

Change From Previous Month: -0.49% (-7,000 New Units)

  • Change From One Year Previous: -16.35% (-279,000 New Units)

---------------------------------------------------

Building Permits:
Predicted: 1,400,000
Actual: 1,342,000

Change From Previous Month: -11.24% (-170,000 New Permits)

  • Change From One Year Previous: -22.38%  (-387,000 New Permits)

----------------------------------------------------

Housing Starts: The top, yellow-highlighted figure is a measure of initial construction of single and multi-family residential units in the United States for the indicated month. Seasonally adjusted annual rate. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

If you're wondering about the demand for new homes in the United States, or about the American residential construction industry in general, then you should pay attention to the monthly Housing Starts report. This report also offers insight into specific types of consumer spending: when housing starts are up, demand for the stuff that a consumer would purchase for a new home (large appliances, consumer electronics, furniture, etc.) tends to also rise -- and vice versa.


=================

CHART: Housing Starts + Building Permits + Completions November 2022 Update
CHART: Housing Starts
+ Building Permits
+ Completions
November 2022 Update


=================


================


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Wednesday, October 26, 2022

New Home Sales During September 2022

The September 2022 New Home Sales report was released by the Commerce Department this morning:

------------------------------------------------------

Predicted: 600,000
  • Actual New Home Sales: 603,000

------------------------------------------------------

  • Change from One Month Previous: -74,000 units (-10.93%)

  • Change from One Year Previous: -129,000 units (-17.62%)


------------------------------------------------------

Median Price for a New Home
During September 2022: $470,600 
 

***************************

Average Price for a New Home
During September 2022: $517,700

------------------------------------------------------

Inventory: 462,000 (9.2 months supply at current sales rate; seasonally‐adjusted estimate.)

------------------------------------------------------

================================

 CHART: New Home Sales - September 2022 Update

CHART: New Home Sales
September 2022 Update

================================


================================


Compiled jointly by the U.S. Commerce Department and the U.S. Department of Housing and Urban Development, the yellow-highlighted figure above is the seasonally adjusted and annualized number of newly-built homes with committed buyers for the indicated month.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

The New Home Sales report is watched by economists and investors because it offers insight into the state of the U.S. housing market, and also provides data that can be used to predict sales of large household furniture and appliances like refrigerators, air conditioners, microwave ovens, etc.


================================

================================


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Tuesday, September 27, 2022

New Home Sales During August 2022

The August 2022 New Home Sales report was released by the Commerce Department this morning:

------------------------------------------------------

Predicted: 550,000
  • Actual New Home Sales: 685,000

------------------------------------------------------

  • Change from One Month Previous: +153,000 units (+28.76%)

  • Change from One Year Previous: -1,000 units (-0.146%)


------------------------------------------------------

Median Price for a New Home
During August 2022: $436,800 
 

***************************

Average Price for a New Home
During August 2022: $521,800

------------------------------------------------------

Inventory: 461,000 (8.1 months supply at current sales rate; seasonally‐adjusted estimate.)

------------------------------------------------------

================================

 
CHART: New Home Sales - August 2022 Update

CHART: New Home Sales
August 2022 Update


================================


================================


Compiled jointly by the U.S. Commerce Department and the U.S. Department of Housing and Urban Development, the yellow-highlighted figure above is the seasonally adjusted and annualized number of newly-built homes with committed buyers for the indicated month.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

The New Home Sales report is watched by economists and investors because it offers insight into the state of the U.S. housing market, and also provides data that can be used to predict sales of large household furniture and appliances like refrigerators, air conditioners, microwave ovens, etc.


================================

================================


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Thursday, September 22, 2022

Existing Home Sales During August 2022

The Existing Home Sales report for August 2022 was released by The National Association of Realtors® (NAR®) this morning:

Predicted: 4,800,000
  • Actual: 4,800,000
==========

  •  Change from Previous Month: -0.415% (-20,000 homes)

  •  Change from A Year Ago: -19.87% (-1,190,000 homes)
==========

Inventory: 1,280,000 (3.2 months supply.)

==========

The yellow-highlighted, "actual" figure above represents the preliminary, seasonally adjusted annualized sales count of existing homes, co-ops and condominiums for the indicated month. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

------------------------------------------------------

  • Median Price: $389,500

  • Price Change from A Year Ago: +7.75% (+$28,000)


------------------------------------------------------ 

==========


==========

From Today's Report:

"...'The housing sector is the most sensitive to and experiences the most immediate impacts from the Federal Reserve's interest rate policy changes,' said NAR Chief Economist Lawrence Yun. 'The softness in home sales reflects this year's escalating mortgage rates. Nonetheless, homeowners are doing well with near nonexistent distressed property sales and home prices still higher than a year ago.'


'Inventory will remain tight in the coming months and even for the next couple of years,' Yun added. 'Some homeowners are unwilling to trade up or trade down after locking in historically-low
mortgage rates in recent years, increasing the need for more new-home construction to boost supply.'


The median existing-home price for all housing types in August was $389,500, a 7.7% jump from August 2021 ($361,500), as prices ascended in all regions. This marks 126 consecutive months of year-over-year increases, the longest-running streak on record. However, it was the second month in a row that the median sales price retracted after reaching a record high of $413,800 in June, the usual seasonal trend of prices declining after peaking in the early summer.


Properties typically remained on the market for 16 days in August, up from 14 days in July and down from 17 days in August 2021. Eighty-one percent of homes sold in August 2022 were on the market for less than a month.
.."

==================


==================
 
INFOGRAPHIC: Existing Home Sales - August 2022 UPDATE
INFOGRAPHIC: Existing Home Sales
August 2022 UPDATE

 
==================
 
 

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Tuesday, September 20, 2022

Housing Starts During August 2022

The U.S. Commerce Department this morning released its Housing Starts report for August 2022:

---------------------------------------------------

Housing Starts:
Predicted: 1,600,000
Actual: 1,575,000

Change From Previous Month: +12.18% (+171,000 New Units)

  • Change From One Year Previous: -0.063% (-1,000 New Units)

---------------------------------------------------

Building Permits:
Predicted: 1,600,000
Actual: 1,517,000

Change From Previous Month: -9.97% (-168,000 New Permits)

  • Change From One Year Previous: -14.39%  (-255,000 New Permits)

----------------------------------------------------

Housing Starts: The top, yellow-highlighted figure is a measure of initial construction of single and multi-family residential units in the United States for the indicated month. Seasonally adjusted annual rate. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

If you're wondering about the demand for new homes in the United States, or about the American residential construction industry in general, then you should pay attention to the monthly Housing Starts report. This report also offers insight into specific types of consumer spending: when housing starts are up, demand for the stuff that a consumer would purchase for a new home (large appliances, consumer electronics, furniture, etc.) tends to also rise -- and vice versa.


=================


CHART: Housing Starts + Building Permits + Completions - August 2022 Update
CHART: Housing Starts
+ Building Permits
+ Completions
August 2022 Update


=================


================

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Thursday, August 25, 2022

New Home Sales During July 2022

The July 2022 New Home Sales report was released by the Commerce Department this morning:

------------------------------------------------------

Predicted: 550,000
  • Actual New Home Sales: 511,000

------------------------------------------------------

  • Change from One Month Previous: -74,000 units (-12.65%)

  • Change from One Year Previous: -215,000 units (-29.61%)


------------------------------------------------------

Median Price for a New Home
During July 2022: $439,400 
 

***************************

Average Price for a New Home
During July 2022: $546,800

------------------------------------------------------

Inventory: 464,000 (10.9 months supply at current sales rate; seasonally‐adjusted estimate.)

------------------------------------------------------

================================

 
CHART: New Home Sales - July 2022 Update
CHART: New Home Sales - July 2022 Update

================================


================================


Compiled jointly by the U.S. Commerce Department and the U.S. Department of Housing and Urban Development, the yellow-highlighted figure above is the seasonally adjusted and annualized number of newly-built homes with committed buyers for the indicated month.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

The New Home Sales report is watched by economists and investors because it offers insight into the state of the U.S. housing market, and also provides data that can be used to predict sales of large household furniture and appliances like refrigerators, air conditioners, microwave ovens, etc.


================================

================================


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Friday, August 19, 2022

Existing Home Sales During July 2022

The Existing Home Sales report for July 2022 was released by The National Association of Realtors® (NAR®) this morning:

Predicted: 5,000,000
  • Actual: 4,810,000
==========

  •  Change from Previous Month: -5.87% (-300,000 homes)

  •  Change from A Year Ago: -20.23% (-1,220,000 homes)
==========

Inventory: 1,310,000 (3.3 months supply.)

==========

The yellow-highlighted, "actual" figure above represents the preliminary, seasonally adjusted annualized sales count of existing homes, co-ops and condominiums for the indicated month. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

------------------------------------------------------

  • Median Price: $403,800

  • Price Change from A Year Ago: +10.75% (+$39,200)


------------------------------------------------------ 

==========


==========

From Today's Report:

"...'The ongoing sales decline reflects the impact of the mortgage rate peak of 6% in early June,' said NAR Chief Economist Lawrence Yun. 'Home sales may soon stabilize since mortgage rates have fallen to near 5%, thereby giving an additional boost of purchasing power to home buyers.'

'We're witnessing a housing recession in terms of declining home sales and home building,' Yun added. 'However, it's not a recession in home prices. Inventory remains tight and prices continue to rise nationally with nearly 40% of homes still commanding the full list price.'

Properties typically remained on the market for 14 days in July, the same as in June and down from 17 days in July 2021. The 14 days on market are the fewest since NAR began tracking it in May 2011. Eighty-two percent of homes sold in July 2022 were on the market for less than a month.

Realtor.com®'s Market Trends Report in July shows that the largest year-over-year median list price growth occurred in Miami (+36.2%), Memphis (+32.7%) and Orlando (+28.4%). Phoenix reported the highest increase in the share of homes that had their prices reduced compared to last year (+31.8 percentage points), followed by Las Vegas (+28.6 percentage points) and Austin (+27.8 percentage points).
.."

==================


==================
 
INFOGRAPHIC: Existing Home Sales - July 2022 UPDATE
INFOGRAPHIC: Existing Home Sales
July 2022 UPDATE


==================
 
 

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Wednesday, August 17, 2022

Housing Starts During July 2022

The U.S. Commerce Department this morning released its Housing Starts report for July 2022:

---------------------------------------------------

Housing Starts:
Predicted: 1,500,000
Actual: 1,446,000

Change From Previous Month: -9.57% (-153,000 New Units)

  • Change From One Year Previous: -8.07% (-127,000 New Units)

---------------------------------------------------

Building Permits:
Predicted: 1,700,000
Actual: 1,674,000

Change From Previous Month: -1.3% (-22,000 New Permits)

  • Change From One Year Previous: +1.15%  (+19,000 New Permits)

----------------------------------------------------

Housing Starts: The top, yellow-highlighted figure is a measure of initial construction of single and multi-family residential units in the United States for the indicated month. Seasonally adjusted annual rate. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

If you're wondering about the demand for new homes in the United States, or about the American residential construction industry in general, then you should pay attention to the monthly Housing Starts report. This report also offers insight into specific types of consumer spending: when housing starts are up, demand for the stuff that a consumer would purchase for a new home (large appliances, consumer electronics, furniture, etc.) tends to also rise -- and vice versa.


=================


CHART: Housing Starts + Building Permits + Completions - July 2022 Update

CHART: Housing Starts
+ Building Permits
+ Completions
 July 2022 Update


=================


================


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Tuesday, July 26, 2022

New Home Sales During June 2022

The June 2022 New Home Sales report was released by the Commerce Department this morning:

------------------------------------------------------

Predicted: 650,000
  • Actual New Home Sales: 590,000

------------------------------------------------------

  • Change from One Month Previous: -52,000 units (-8.1%)

  • Change from One Year Previous: -124,000 units (-17.37%)


------------------------------------------------------

Median Price for a New Home
During June 2022: $402,400 
 

***************************

Average Price for a New Home
During June 2022: $456,800

------------------------------------------------------

Inventory: 457,000 (9.3 months supply at current sales rate; seasonally‐adjusted estimate.)

------------------------------------------------------

================================

 
CHART: New Home Sales - June 2022 Update

CHART: New Home Sales - June 2022 Update
 

================================


================================


Compiled jointly by the U.S. Commerce Department and the U.S. Department of Housing and Urban Development, the yellow-highlighted figure above is the seasonally adjusted and annualized number of newly-built homes with committed buyers for the indicated month.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

The New Home Sales report is watched by economists and investors because it offers insight into the state of the U.S. housing market, and also provides data that can be used to predict sales of large household furniture and appliances like refrigerators, air conditioners, microwave ovens, etc.


================================

================================


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Wednesday, July 20, 2022

Existing Home Sales During June 2022

The Existing Home Sales report for June 2022 was released by The National Association of Realtors® (NAR®) this morning:

Predicted: 5,400,000
  • Actual: 5,120,000
==========

  •  Change from Previous Month: -5.36% (-29,000 homes)

  •  Change from A Year Ago: -14.24% (-85,000 homes)
==========

Inventory: 1,260,000 (3.0 months supply; +20.0% year-on-year.)

==========

The yellow-highlighted, "actual" figure above represents the preliminary, seasonally adjusted annualized sales count of existing homes, co-ops and condominiums for the indicated month. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

------------------------------------------------------

  • Median Price: $416,000 (New Record-High)

  • Price Change from A Year Ago: +13.38% (+$49,100)


------------------------------------------------------ 

==========


==========

From Today's Report:

"...'Falling housing affordability continues to take a toll on potential home buyers,' said NAR Chief Economist Lawrence Yun. 'Both mortgage rates and home prices have risen too sharply in a short span of time.'

'Finally, there are more homes on the market,' Yun added. 'Interestingly though, the record-low pace of days on market implies a fuzzier picture on home prices. Homes priced right are selling very quickly, but homes priced too high are deterring prospective buyers.'

First-time buyers were responsible for 30% of sales in June, up from 27% in May and down from 31% in June 2021. NAR's 2021 Profile of Home Buyers and Sellers reported that the annual share of first-time buyers was 34%.

All-cash sales accounted for 25% of transactions in June, the same share as in May and up from 23% in June 2021.

Distressed sales --
foreclosures and short sales -- represented less than 1% of sales in June, essentially unchanged from May 2022 and June 2021.

'If consumer price inflation continues to rise, then mortgage rates will move higher,' Yun said. 'Rates will stabilize only when signs of peak inflation appear. If inflation is contained, then
mortgage rates may even decline somewhat.'..."

==================


==================
 
INFOGRAPHIC: Existing Home Sales - June 2022 UPDATE

INFOGRAPHIC: Existing Home Sales
June 2022 UPDATE


==================
 
 

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Tuesday, July 19, 2022

Housing Starts During June 2022

The U.S. Commerce Department this morning released its Housing Starts report for June 2022:

---------------------------------------------------

Housing Starts:
Predicted: 1,600,000
Actual: 1,559,000

Change From Previous Month: -2.011% (-32,000 New Units)

  • Change From One Year Previous: -6.31% (-105,000 New Units)

---------------------------------------------------

Building Permits:
Predicted: 1,700,000
Actual: 1,685,000

Change From Previous Month: -0.59% (-10,000 New Permits)

  • Change From One Year Previous: +1.44%  (+24,000 New Permits)

----------------------------------------------------

Housing Starts: The top, yellow-highlighted figure is a measure of initial construction of single and multi-family residential units in the United States for the indicated month. Seasonally adjusted annual rate. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

If you're wondering about the demand for new homes in the United States, or about the American residential construction industry in general, then you should pay attention to the monthly Housing Starts report. This report also offers insight into specific types of consumer spending: when housing starts are up, demand for the stuff that a consumer would purchase for a new home (large appliances, consumer electronics, furniture, etc.) tends to also rise -- and vice versa.


=================

 
CHART: Housing Starts + Building Permits + Completions June 2022 Update

 CHART: Housing Starts
+ Building Permits
+ Completions
June 2022 Update
 
=================


================


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Friday, June 24, 2022

New Home Sales During May 2022

The May 2022 New Home Sales report was released by the Commerce Department this morning:

------------------------------------------------------

Predicted: 600,000
  • Actual New Home Sales: 696,000

------------------------------------------------------

  • Change from One Month Previous: +67,000 units (+10.652%)

  • Change from One Year Previous: -44,000 units (-5.95%)


------------------------------------------------------

Median Price for a New Home
during May 2022: $449,000 
 

***************************

Average Price for a New Home
during May 2022: $511,400

------------------------------------------------------

Inventory: 444,000 (7.7 months supply at current sales rate; seasonally‐adjusted estimate.)

------------------------------------------------------

================================


CHART: New Home Sales - May 2022 Update

CHART: New Home Sales - May 2022 Update


================================


================================


Compiled jointly by the U.S. Commerce Department and the U.S. Department of Housing and Urban Development, the yellow-highlighted figure above is the seasonally adjusted and annualized number of newly-built homes with committed buyers for the indicated month.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

The New Home Sales report is watched by economists and investors because it offers insight into the state of the U.S. housing market, and also provides data that can be used to predict sales of large household furniture and appliances like refrigerators, air conditioners, microwave ovens, etc.


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