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New home market showing strength – new home inventory declines

By: Dennis Norman Dennis Norman

The new home market continue to shows some life coming back to it which should be encouraging news to investors.  This morning the U.S. Department of Commerce released a report showing the sale of New Homes in June were at a seasonally adjusted annual rate of 384,000, an 11% increase [...]

New home sales increase in May in 3 of 4 regions of US

Dennis Norman

By: Dennis Norman

This morning the U.S. Department of Commerce released a report showing the sale of New Homes in May were at a seasonally adjusted annual rate of 342,000.  this represents a 0.6% drop from Aprils rate of 344,000 and is almost 33% down from a year ago.

Three of the four [...]

New Home Sales Level Off in February

By: Dennis Norman:  

This morning the U.S. Department of Commerce released a report showing the sale of New Homes in March decreased 0.6 percent from February and is 30.6% less than a year ago.

A decline of less than 1%, following last February’s increase of 4.7% in sales I think again shows the market is perhaps [...]

New home starts for March down 48.4% from a year ago

Today the U.S. Department of Commerce reported new home starts for March were down 10.8% from February and down 48.4% from a year ago. [...]

Could we be approaching the bottom of the market?

By: Dennis Norman

I am going to be cautiously optimistic about the housing data I’ve been seeing and say that if the trends continue maybe, just maybe, we are near the bottom.

I’m saying this because of the increase in existing home sales report that I wrote about yesterday and the report released this morning [...]

Don’t let headlines influence your investment decisions

By: Dennis Norman

This morning I received a press release from Move, Inc., the company that operates Realtor.Com for the National Association of REALTORS(R), with a headline that read “One in Five Americans Plan to Buy a Home Despite Economic Conditions.”  After all the bad news about housing I have seen I was elated to [...]

New home starts are down 50%….Good news for the investor!

By: Dennis Norman

 

Today the US Department of Commerce released a report on new residential construction for November 2008.  Like so many real estate-related reports we are seeing today it was not pretty.  The report, a joint release of the US Census Bureau and the US Department of Housing and Urban Development says [...]