Tag Archives: New Residential Sales

Month-over-month, HUD and the Census Bureau reported an 8.7% drop-off in new home sales in August, with sales impeded by mortgage rates over the 7% mark.

Purchase demand remained strong in August for newly constructed homes, increasing 20.6% compared to a year ago, according to the MBA Builder Application Survey, while the average loan size for new homes increased to $398,092.

Sales of new single‐family homes in May rose to 696,000, a 10.7% month-over-month rise of April’s recorded total of 629,000.

The price of new home sales experienced a near 17% decline in April, hitting its lowest level in two years.

Here’s why new home sales will see an uptick in the spring season despite the current record falling below market expectations.

HUD and the U.S. Census Bureau jointly announced Thursday the new residential sales reached a seasonally adjusted annual rate of 552,000 in August 2015, the highest level since February 2008.

The housing market is showing no signs of slowing down as new single-family home sales in May 2015 rose 2.2 percent to a seasonally adjusted annual rate of 546,000, the highest rate since February 2008, according to new residential sales data released jointly today by the U.S. Census Bureau and HUD.