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New Home Sales Decline in May
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You're Now Reading:
New Home Sales Decline in May
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
New Home Sales Decline in May
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June 23, 2011 (Chris Moore)

Sales of new single-family homes declined 2.1 percent in May at a seasonally adjusted rate of 319,000 following two months of modest gains according to the latest data from the U.S. Census Bureau.

Sales had fallen to an all-time low of 279,000 in February and were followed by gains in March and April. Sales were 13.5 percent higher than the estimated 281,000 units sold in May of 2010.

The median sales price of the new homes sold in May was $222,600, which was up from $217,000 in April. The average sales price in May was $266,400, which was also up from $265,400 in April.

Only one of the four regions experienced a gain in new home sales from April to May, while two regions experienced declines and one was unchanged.

New single-family home sales in the South increased 2.4 percent, while the Midwest remained unchanged from April to May. The West reported a sales decline of 3.5 percent, while sales in the Northeast dropped 26.7 percent.

New home sales were up in 3 of the 4 regions from May of 2010, with only the Northeast suffering a decline. The Midwest reported a sales increase of 5.0 percent, the South saw an increase of 13.9 percent and the West reported a whopping 31.7 percent increase in new single-family home sales. Year-over-year new home sales in the Northeast declined 18.5 percent.

Tags: Census Bureau, new home sales, single-family homes, median sales price, average sales price

Source:
Census Bureau

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ADVANTAGES OF USING
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FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
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Tips
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Tips
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Calculator
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Rates

June 23, 2011 (Chris Moore)

Sales of new single-family homes declined 2.1 percent in May at a seasonally adjusted rate of 319,000 following two months of modest gains according to the latest data from the U.S. Census Bureau.

Sales had fallen to an all-time low of 279,000 in February and were followed by gains in March and April. Sales were 13.5 percent higher than the estimated 281,000 units sold in May of 2010.

The median sales price of the new homes sold in May was $222,600, which was up from $217,000 in April. The average sales price in May was $266,400, which was also up from $265,400 in April.

Only one of the four regions experienced a gain in new home sales from April to May, while two regions experienced declines and one was unchanged.

New single-family home sales in the South increased 2.4 percent, while the Midwest remained unchanged from April to May. The West reported a sales decline of 3.5 percent, while sales in the Northeast dropped 26.7 percent.

New home sales were up in 3 of the 4 regions from May of 2010, with only the Northeast suffering a decline. The Midwest reported a sales increase of 5.0 percent, the South saw an increase of 13.9 percent and the West reported a whopping 31.7 percent increase in new single-family home sales. Year-over-year new home sales in the Northeast declined 18.5 percent.

Tags: Census Bureau, new home sales, single-family homes, median sales price, average sales price

Source:
Census Bureau

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

June 23, 2011 (Chris Moore)

Sales of new single-family homes declined 2.1 percent in May at a seasonally adjusted rate of 319,000 following two months of modest gains according to the latest data from the U.S. Census Bureau.

Sales had fallen to an all-time low of 279,000 in February and were followed by gains in March and April. Sales were 13.5 percent higher than the estimated 281,000 units sold in May of 2010.

The median sales price of the new homes sold in May was $222,600, which was up from $217,000 in April. The average sales price in May was $266,400, which was also up from $265,400 in April.

Only one of the four regions experienced a gain in new home sales from April to May, while two regions experienced declines and one was unchanged.

New single-family home sales in the South increased 2.4 percent, while the Midwest remained unchanged from April to May. The West reported a sales decline of 3.5 percent, while sales in the Northeast dropped 26.7 percent.

New home sales were up in 3 of the 4 regions from May of 2010, with only the Northeast suffering a decline. The Midwest reported a sales increase of 5.0 percent, the South saw an increase of 13.9 percent and the West reported a whopping 31.7 percent increase in new single-family home sales. Year-over-year new home sales in the Northeast declined 18.5 percent.

Tags: Census Bureau, new home sales, single-family homes, median sales price, average sales price

Source:
Census Bureau

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.