Today,the U.S. Department of Housing and Urban Development and U.S. Census Bureau released new home sales data for December 2011 showing a decrease of 2.2 percent from the month before,and a decrease of 7.3 percent from a year ago. The seasonally-adjusted new home sales rate for December was 307,000 homes,down from an [...]
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 | Today’s existing home sales report from the National Association of REALTORS® shows existing home sales in December were at at a seasonally adjusted-annual rate of 4.61 million units which is an increase of 5.0 percent from the month before and an increase of 3.6 percent from a year ago. The actual number of homes sold in December was 350,000 which is 4.5 percent more than the month before and 1.4 percent more than December 2010 when there were 345,000 homes sold. [...] A report released this morning by CoreLogic,one of the nations leading providers of property information shows that home prices in the U.S. fell in November 4.3 percent from the year before and declined by 1.4 percent from the month before marking the fourth consecutive monthly decline in home prices. [...] The National Association of REALTORS Pending Home Sales Index for November shows an increase of 7.3 percent in the index from the month before (seasonally adjusted),and a 5.9 percent increase from a year ago. This is the second consecutive month that the index has increased and marks the highest level the index has achieved since April 2010 when it was at 111.5. [...] The last couple of months I have said that,“unless something changes dramatically,2011 will hit a new record low of new home starts. Well,the actual numbers this year will still most likely be a record low,but at least the rate of new home starts for November has now inched above the record low New home starts in November were up 2.3 percent from the prior month with the seasonally adjusted annual rate inching its way up to 447,000 homes,just slightly above the all-time low of 445,200 new home starts in 2009. [...] Today CNBC reported that the National Association of REALTORS,the country’s leading source of existing home sales data,will be revising their home sales numbers from 2007 through October of this year downward because of “double counting,indicating a much weaker housing market than previously thought”. [...] “We may indeed being seeing the beginning of at least a ‘soft landing’in housing,”said Michael Feder,President and CEO of Radar Logic. The latest housing market report by RadarLogic contained said,while trends in home prices remain negative in most major U.S. metropolitan areas,there are indications that market conditions are starting to improve. [...] The National Association of REALTORS Pending Home Sales Index for October shows an increase of 10.4 percent in the index from the month before (seasonally adjusted),and a 9.2 percent increase from a year ago. This is the first time in four months that the index has increased and marks the highest level the index has achieved since April 2010 when it was at 110.9. [...] Today,the U.S. Department of Housing and Urban Development and U.S. Census Bureau released new home sales data for October 2011 showing an increase of 1.3 percent from the month before,and an increase of 8.9 percent from a year ago. The seasonally-adjusted new home sales rate for October was 307,000 homes,up from an adjusted rate of 303,000 homes the month before (originally reported at 313,000 homes). Unfortunately,even with the increase in the rate of new home sales,the current rate of new home sales is still on track to make 2011 new home sales the lowest since the Commerce Department began keeping track of sales in 1963. [...] This morning the National Association of REALTORS released a report showing the median sales price of homes for metropolitan areas throughout the U.S. in the third quarter as well as a report showing total home sales by state for the quarter. The reports showed mixed results,with metro median home prices in the U.S. declining by 4.7 percent from a year ago and total home sales in the U.S. increasing 17.0 percent from a year ago. [...] The National Association of REALTORS Pending Home Sales Index for September shows a decrease of 4.6 percent in the index from the month before (seasonally adjusted),and a 6.4 percent increase from a year ago. This is the third consecutive month the index has decreased from the month before and,and the year over year numbers continue to show decline in the rate of improvement from last year. [...] Today,the U.S. Department of Housing and Urban Development and U.S. Census Bureau released new home sales data for September 2011 showing an increase of 5.7 percent from the month before,and a decrease of 0.9 percent from a year ago. The seasonally-adjusted new home sales rate for September was 313,000 homes,up from an adjusted rate of 296,000 the month before. Unfortunately,even with the increase in the rate of new home sales,the current rate of new home sales is still on track to make 2011 new home sales the lowest since the Commerce Department began keeping track of sales in 1963. [...] Today’s existing home sales report from the National Association of REALTORS® shows existing home sales in September were at at a seasonally adjusted-annual rate of 4.91 million units which is a decrease of 3.0 percent from the month before,an increase of 11.3 percent from a year ago and is the second highest rate of home sales since March 2011 when it was 5.09 million. [...] The last couple of months I have said that,“unless something changes dramatically,2011 will hit a new record low of new home starts. Well,unfortunately,even though the report for September shows an increase of 1.7 percent in housing starts,the seasonally adjusted annual rate is still at just 425,000 homes and still on track for 2011 to be a record low year for housing starts. [...] The National Association of REALTORS Pending Home Sales Index for August shows a decrease of 1.2 percent in the index from the month before (seasonally adjusted),and a 7.7 percent increase from a year ago. This is the second consecutive month the index has decreased from the month before and,while the year over year numbers are still better,this month’s year over year increase was only half of what last months was. [...] | ||||
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