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New Home Sales Dip Slightly in October
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You're Now Reading:
New Home Sales Dip Slightly in October
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 Dip Slightly in October
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December 4, 2012 (Chris Moore)

The shrinking inventory of existing homes continued to be good news for the nation’s new home builders as sales in October held fairly steady from the previous month and remained well above last year’s levels according to the latest housing data released by the Census Bureau.

Sales of new single-family homes fell a modest 0.3 percent in October to a seasonally adjusted rate of 368,000, down from a revised sales rate of 369,000 in September. On an unadjusted basis, new home sales were unchanged from the previous month.

The rate of sales in October was 17.2 percent higher than the estimated sales rate of 314,000 units in October of 2011. Sales were also 16.0 percent higher than in October of last year on an unadjusted basis. Through the end of October, new home sales are 20.5 percent higher than at the same time last year.

The median sales price of the new homes sold in October was $237,700, which was down from a revised $248,000 in September. The average sales price for a new home in October was $278,900, down from a revised $291,400 in September.

Sixty-nine percent of the new single-family homes sold in October were under $300,000, up from 68 percent in September.

In October of last year, the median sales price of a new home was 5.4 percent lower at $224,700, while the average sales price was 7.4 percent lower at $258,300.

Two of the four national regions posted increases in seasonally adjusted monthly sales led by a 62.2 percent gain in the Midwest, followed by a gain of 8.8 percent in the West.

The Northeast reported the largest decline of 32.3 percent while the South posted a decline in sales of 11.6 percent.

Compared to a year ago, all four of the regions showed improvement with the West posting the largest increase of 33.7 percent followed by the Midwest at 17.6 percent. The Northeast recorded a year-over-year increase of 10.5 percent while the South posted an increase of 9.3 percent.

Inventory of new single-family homes increased to a seasonally adjusted 147,000 homes available for sale, which translates into a 4.8 months supply of inventory, up slightly from a revised 4.7 months supply the previous month.

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

Source:
Census Bureau

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December 4, 2012 (Chris Moore)

The shrinking inventory of existing homes continued to be good news for the nation’s new home builders as sales in October held fairly steady from the previous month and remained well above last year’s levels according to the latest housing data released by the Census Bureau.

Sales of new single-family homes fell a modest 0.3 percent in October to a seasonally adjusted rate of 368,000, down from a revised sales rate of 369,000 in September. On an unadjusted basis, new home sales were unchanged from the previous month.

The rate of sales in October was 17.2 percent higher than the estimated sales rate of 314,000 units in October of 2011. Sales were also 16.0 percent higher than in October of last year on an unadjusted basis. Through the end of October, new home sales are 20.5 percent higher than at the same time last year.

The median sales price of the new homes sold in October was $237,700, which was down from a revised $248,000 in September. The average sales price for a new home in October was $278,900, down from a revised $291,400 in September.

Sixty-nine percent of the new single-family homes sold in October were under $300,000, up from 68 percent in September.

In October of last year, the median sales price of a new home was 5.4 percent lower at $224,700, while the average sales price was 7.4 percent lower at $258,300.

Two of the four national regions posted increases in seasonally adjusted monthly sales led by a 62.2 percent gain in the Midwest, followed by a gain of 8.8 percent in the West.

The Northeast reported the largest decline of 32.3 percent while the South posted a decline in sales of 11.6 percent.

Compared to a year ago, all four of the regions showed improvement with the West posting the largest increase of 33.7 percent followed by the Midwest at 17.6 percent. The Northeast recorded a year-over-year increase of 10.5 percent while the South posted an increase of 9.3 percent.

Inventory of new single-family homes increased to a seasonally adjusted 147,000 homes available for sale, which translates into a 4.8 months supply of inventory, up slightly from a revised 4.7 months supply the previous month.

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.

December 4, 2012 (Chris Moore)

The shrinking inventory of existing homes continued to be good news for the nation’s new home builders as sales in October held fairly steady from the previous month and remained well above last year’s levels according to the latest housing data released by the Census Bureau.

Sales of new single-family homes fell a modest 0.3 percent in October to a seasonally adjusted rate of 368,000, down from a revised sales rate of 369,000 in September. On an unadjusted basis, new home sales were unchanged from the previous month.

The rate of sales in October was 17.2 percent higher than the estimated sales rate of 314,000 units in October of 2011. Sales were also 16.0 percent higher than in October of last year on an unadjusted basis. Through the end of October, new home sales are 20.5 percent higher than at the same time last year.

The median sales price of the new homes sold in October was $237,700, which was down from a revised $248,000 in September. The average sales price for a new home in October was $278,900, down from a revised $291,400 in September.

Sixty-nine percent of the new single-family homes sold in October were under $300,000, up from 68 percent in September.

In October of last year, the median sales price of a new home was 5.4 percent lower at $224,700, while the average sales price was 7.4 percent lower at $258,300.

Two of the four national regions posted increases in seasonally adjusted monthly sales led by a 62.2 percent gain in the Midwest, followed by a gain of 8.8 percent in the West.

The Northeast reported the largest decline of 32.3 percent while the South posted a decline in sales of 11.6 percent.

Compared to a year ago, all four of the regions showed improvement with the West posting the largest increase of 33.7 percent followed by the Midwest at 17.6 percent. The Northeast recorded a year-over-year increase of 10.5 percent while the South posted an increase of 9.3 percent.

Inventory of new single-family homes increased to a seasonally adjusted 147,000 homes available for sale, which translates into a 4.8 months supply of inventory, up slightly from a revised 4.7 months supply the previous month.

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.