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New Home Sales Fall In December Making 2011 Worst Year Ever
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New Home Sales Fall In December Making 2011 Worst Year Ever
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
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Receive Multiple Offers. Save Money.
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New Home Sales Fall In December Making 2011 Worst Year Ever
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January 26, 2012 (Chris Moore)

Sales of new single-family homes fell in December making 2011 the worst year for new homes sales dating back to 1963 according to the latest housing data released by the Census Bureau.

Monthly sales of new homes declined 2.2 percent in December to a seasonally adjusted rate of 307,000, down from a revised rate of 314,000 in November. The seasonally adjusted rate in November was revised downward from 315,000.

Sales of new single-family homes had increased in the three months prior to December, but it wasn’t enough to make up for the dismal sales before that. Sales had fallen to an all-time low average of 281,000 homes per year in February and were followed by gains in March and April, but then declined throughout the summer months until September.

A total of 302,000 new homes were sold last year, 21,000 less than the 323,000 homes sold in 2010, which had previously been the worst year for new home sales.

The rate of sales in December was 7.3 percent lower than the estimated sales rate of 331,000 units in December of 2010.

The median sales price of the new homes sold in December was $210,300, which was down from a revised $215,700 in November. The average sales price for a new home in December was $266,000, up from a revised $250,300 in November.

Seventy-one percent of the new single-family homes sold in December were under $300,000, down from 77 percent in November.

In December of last year, the median sales price of a new home was 14.7 percent higher at $241,200, while the average sales price was 9.7 percent higher at $291,700.

Two of the four regions posted increases in seasonally adjusted monthly sales with the Northeast and the West posting gains of 46.7 and 9.0 percent, respectively, while the Midwest and the South posted declines of 3.7 and 10.1 percent, respectively.

Compared to a year ago, new home sales in the West and the South declined 29.1 and 4.8 percent, respectively, while in the Northeast, sales remained unchanged. The Midwest was the only region to see a year over-year gain of 36.8 percent.

Inventory of new single-family homes remained relatively balanced by historic standards with a seasonally adjusted 157,000 homes available for sale, which translates into a 6.1 months supply of inventory.

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

Source:
Census Bureau

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January 26, 2012 (Chris Moore)

Sales of new single-family homes fell in December making 2011 the worst year for new homes sales dating back to 1963 according to the latest housing data released by the Census Bureau.

Monthly sales of new homes declined 2.2 percent in December to a seasonally adjusted rate of 307,000, down from a revised rate of 314,000 in November. The seasonally adjusted rate in November was revised downward from 315,000.

Sales of new single-family homes had increased in the three months prior to December, but it wasn’t enough to make up for the dismal sales before that. Sales had fallen to an all-time low average of 281,000 homes per year in February and were followed by gains in March and April, but then declined throughout the summer months until September.

A total of 302,000 new homes were sold last year, 21,000 less than the 323,000 homes sold in 2010, which had previously been the worst year for new home sales.

The rate of sales in December was 7.3 percent lower than the estimated sales rate of 331,000 units in December of 2010.

The median sales price of the new homes sold in December was $210,300, which was down from a revised $215,700 in November. The average sales price for a new home in December was $266,000, up from a revised $250,300 in November.

Seventy-one percent of the new single-family homes sold in December were under $300,000, down from 77 percent in November.

In December of last year, the median sales price of a new home was 14.7 percent higher at $241,200, while the average sales price was 9.7 percent higher at $291,700.

Two of the four regions posted increases in seasonally adjusted monthly sales with the Northeast and the West posting gains of 46.7 and 9.0 percent, respectively, while the Midwest and the South posted declines of 3.7 and 10.1 percent, respectively.

Compared to a year ago, new home sales in the West and the South declined 29.1 and 4.8 percent, respectively, while in the Northeast, sales remained unchanged. The Midwest was the only region to see a year over-year gain of 36.8 percent.

Inventory of new single-family homes remained relatively balanced by historic standards with a seasonally adjusted 157,000 homes available for sale, which translates into a 6.1 months supply of inventory.

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
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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.

January 26, 2012 (Chris Moore)

Sales of new single-family homes fell in December making 2011 the worst year for new homes sales dating back to 1963 according to the latest housing data released by the Census Bureau.

Monthly sales of new homes declined 2.2 percent in December to a seasonally adjusted rate of 307,000, down from a revised rate of 314,000 in November. The seasonally adjusted rate in November was revised downward from 315,000.

Sales of new single-family homes had increased in the three months prior to December, but it wasn’t enough to make up for the dismal sales before that. Sales had fallen to an all-time low average of 281,000 homes per year in February and were followed by gains in March and April, but then declined throughout the summer months until September.

A total of 302,000 new homes were sold last year, 21,000 less than the 323,000 homes sold in 2010, which had previously been the worst year for new home sales.

The rate of sales in December was 7.3 percent lower than the estimated sales rate of 331,000 units in December of 2010.

The median sales price of the new homes sold in December was $210,300, which was down from a revised $215,700 in November. The average sales price for a new home in December was $266,000, up from a revised $250,300 in November.

Seventy-one percent of the new single-family homes sold in December were under $300,000, down from 77 percent in November.

In December of last year, the median sales price of a new home was 14.7 percent higher at $241,200, while the average sales price was 9.7 percent higher at $291,700.

Two of the four regions posted increases in seasonally adjusted monthly sales with the Northeast and the West posting gains of 46.7 and 9.0 percent, respectively, while the Midwest and the South posted declines of 3.7 and 10.1 percent, respectively.

Compared to a year ago, new home sales in the West and the South declined 29.1 and 4.8 percent, respectively, while in the Northeast, sales remained unchanged. The Midwest was the only region to see a year over-year gain of 36.8 percent.

Inventory of new single-family homes remained relatively balanced by historic standards with a seasonally adjusted 157,000 homes available for sale, which translates into a 6.1 months supply of inventory.

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.