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New Home Sales Falter
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You're Now Reading:
New Home Sales Falter
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 Falter
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September 27, 2012 (Chris Moore)

New single-family home sales fell slightly during August after July’s robust 3.5 percent increase according to the latest housing data released by the Census Bureau. So far this year new homes sales have improved four months, declined for three months, and have remained unchanged for one month.

Sales of new single-family homes fell 0.3 percent in August to a seasonally adjusted rate of 373,000, down from a sales rate of 374,000 in July. On an unadjusted basis, new home sales fell 8.8 percent from the previous month.

The rate of sales in August was 27.7 percent higher than the estimated sales rate of 292,000 units in August of 2011. Sales were also 20.0 percent higher than in August of last year on an unadjusted basis. Through the end of August, new home sales are 21.9 percent higher than at the same time last year.

The median sales price of the new homes sold in August was $256,900, which was up from a revised $231,100 in July. The average sales price for a new home in August was $295,300, up from a revised $270,600 in July.

Sixty-five percent of the new single-family homes sold in August were under $300,000, down from 71 percent in July.

In August of last year, the median sales price of a new home was14.5 percent lower at $219,600, while the average sales price was 12.2 percent higher at $259,300.

Three of the four national regions posted increases in seasonally adjusted monthly sales led by a 20.0 percent gain in the Northeast, followed by gains of 1.8 and 0.9 percent, respectively, in the Midwest and the West.

The South reported the only decline in sales, falling 4.9 percent from the previous month.

Compared to a year ago, all four of the regions showed improvement with the West posting the largest increase of 64.6 percent followed by the Northeast at 56.5 percent while the Midwest and the South reported increases of 16.7 and 11.5 percent, respectively.

Inventory of new single-family homes fell to a seasonally adjusted 141,000 homes available for sale, which translates into a 4.5 months supply of inventory, unchanged from 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 MortgageLoanRateUpdate 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.
Home Buying
Tips
Home Selling
Tips
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Mortgages
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Calculator
Mortgage
Rates

September 27, 2012 (Chris Moore)

New single-family home sales fell slightly during August after July’s robust 3.5 percent increase according to the latest housing data released by the Census Bureau. So far this year new homes sales have improved four months, declined for three months, and have remained unchanged for one month.

Sales of new single-family homes fell 0.3 percent in August to a seasonally adjusted rate of 373,000, down from a sales rate of 374,000 in July. On an unadjusted basis, new home sales fell 8.8 percent from the previous month.

The rate of sales in August was 27.7 percent higher than the estimated sales rate of 292,000 units in August of 2011. Sales were also 20.0 percent higher than in August of last year on an unadjusted basis. Through the end of August, new home sales are 21.9 percent higher than at the same time last year.

The median sales price of the new homes sold in August was $256,900, which was up from a revised $231,100 in July. The average sales price for a new home in August was $295,300, up from a revised $270,600 in July.

Sixty-five percent of the new single-family homes sold in August were under $300,000, down from 71 percent in July.

In August of last year, the median sales price of a new home was14.5 percent lower at $219,600, while the average sales price was 12.2 percent higher at $259,300.

Three of the four national regions posted increases in seasonally adjusted monthly sales led by a 20.0 percent gain in the Northeast, followed by gains of 1.8 and 0.9 percent, respectively, in the Midwest and the West.

The South reported the only decline in sales, falling 4.9 percent from the previous month.

Compared to a year ago, all four of the regions showed improvement with the West posting the largest increase of 64.6 percent followed by the Northeast at 56.5 percent while the Midwest and the South reported increases of 16.7 and 11.5 percent, respectively.

Inventory of new single-family homes fell to a seasonally adjusted 141,000 homes available for sale, which translates into a 4.5 months supply of inventory, unchanged from 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.

September 27, 2012 (Chris Moore)

New single-family home sales fell slightly during August after July’s robust 3.5 percent increase according to the latest housing data released by the Census Bureau. So far this year new homes sales have improved four months, declined for three months, and have remained unchanged for one month.

Sales of new single-family homes fell 0.3 percent in August to a seasonally adjusted rate of 373,000, down from a sales rate of 374,000 in July. On an unadjusted basis, new home sales fell 8.8 percent from the previous month.

The rate of sales in August was 27.7 percent higher than the estimated sales rate of 292,000 units in August of 2011. Sales were also 20.0 percent higher than in August of last year on an unadjusted basis. Through the end of August, new home sales are 21.9 percent higher than at the same time last year.

The median sales price of the new homes sold in August was $256,900, which was up from a revised $231,100 in July. The average sales price for a new home in August was $295,300, up from a revised $270,600 in July.

Sixty-five percent of the new single-family homes sold in August were under $300,000, down from 71 percent in July.

In August of last year, the median sales price of a new home was14.5 percent lower at $219,600, while the average sales price was 12.2 percent higher at $259,300.

Three of the four national regions posted increases in seasonally adjusted monthly sales led by a 20.0 percent gain in the Northeast, followed by gains of 1.8 and 0.9 percent, respectively, in the Midwest and the West.

The South reported the only decline in sales, falling 4.9 percent from the previous month.

Compared to a year ago, all four of the regions showed improvement with the West posting the largest increase of 64.6 percent followed by the Northeast at 56.5 percent while the Midwest and the South reported increases of 16.7 and 11.5 percent, respectively.

Inventory of new single-family homes fell to a seasonally adjusted 141,000 homes available for sale, which translates into a 4.5 months supply of inventory, unchanged from 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.