Digging for Dirt
New home sales fell 11.4 percent in April but sales were revised up for the prior three months. Even with the drop, sales remain up solidly on a year-to-date basis and homebuilders continue to report strong demand.
New Home Sales Are […]
New home sales rose 3.7 percent in January after a 7.0 percent drop in December. Sales for November and October were revised down, possibly reflecting increased cancellations following the jump in mortgage rates.
A Slightly Weaker Trend for New Home Sales […]
New Homes Sales Jump 12.4 Percent in July
New home sales took off in July, as strong job growth, low mortgage rates and increased construction brought buyers back in droves. The South accounted for most of the gain, with sales surging […]
The pending home sales index rose 0.8 percent in November to 104.8, which is slightly above its average for the past six months. Pending sales rose in the South, Northeast and West but fell slightly in the Midwest.
Stronger Pending Home […]
Following August’s outsized gain, new home sales rose a modest 0.2 percent in September to a 467,000-unit pace. However, sales in the previous three months were downwardly revised. Inventories remain low. New Home Sales Post Upside Surprise
New home […]