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Tag Archives: Housing Supply

New Home Sales Jump in December

The Commerce Department estimated Tuesday that new home sales in December were at a seasonally adjusted annual rate of 481,000, a jump of 11.6 percent from November's downwardly revised sales rate of 431,000. Economists had expected a smaller increase in sales to a rate of 452,000.

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December Home Sales Jump 14.4% from November

RE/MAX reported Monday that home sales activity jumped 14.4 percent nationally month-over-month December, a sharp reversal from November's 22.5 percent drop. Compared to the same month in 2013, December sales were up 3.9 percent, making it one of only a handful of months in 2014 to see transactions improve on a yearly basis.

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2014 Brings Calm to California’s Housing Market

California's housing market made more small strides toward stability over the last 12 months, though sales activity took a dip compared to the year before. For the entire year, C.A.R. estimates that 383,320 single-family homes closed escrow across the state, a 7.6 percent decline from 2013.

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Report Details Highlights and Lowlights of 2014

It's been a rollercoaster year for the U.S. housing market, but analysts at Realtor.com say the patterns seen in 2014 could be the foundation for more stable growth in the coming year. In its year-end review, Realtor.com outlined some of the major trends seen in 2014 that signal a strengthening housing recovery.

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New Home Sales Sink 1.6% in November

Sales of newly built single-family properties fell 1.6 percent month-over-month to a seasonally adjusted annual rate of 438,000 in November, according to a report from the Commerce Department. October's sales rate was revised down to 445,000, meaning the month actually saw a decrease as opposed to the slight increase that was originally recorded.

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Existing-Home Sales Topple to Six-Month Low

The National Association of Realtors (NAR) reported Monday that existing-home sales fell 6.1 percent from October to November, landing at a seasonally adjusted annual rate of 4.93 million. Despite the stumble, home resales in November were still up 2.1 percent from year-ago levels, making it just the second month in 2014 to see sales rise year-over-year.

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Home Sales, Inventory Weaken in November

Home sales last month were down 5.2 percent year-over-year in 53 of the country's biggest markets, RE/MAX said this week in its latest National Housing Report. The drop, which the company said is normal for this time of the year, followed gains of 0.9 percent in September and 2.6 percent in October—the only two months so far this year to have seen year-over-year improvements.

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Rising Incomes, Inventory Boost October Home Sales

Redfin reported a 2.2 percent increase in the number of homes sold in October compared to the same month last year, making it the first month to see a significant yearly increase in home sales so far in 2014. Redfin's data reinforces recent findings from the National Association of Realtors, which estimated October home sales at an adjusted annual rate of 5.26 million, an increase of 2.5 percent from last year.

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Inventory Improves in October, but Affordable Homes Still Scarce

In its latest market update, Zillow reported that the number of for-sale homes nationwide rose 15.8 percent year-over-year in October. While the increase may be welcome news for home shoppers in some of the country's most supply-starved metros, the number comes with a catch: The biggest gains were seen in the highest price tier of homes.

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Home Sales, Prices Improve in October; Inventory Worsens

RE/MAX's latest National Housing Report, which follows changes in home sales, prices, and inventory in 53 metro areas across the United States, shows October transactions came in 2.6 percent higher than a year ago. The annual increase came despite a 0.8 percent drop from September's sales total.

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