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New Home Sales Hold Steady in September, Prices Dip
The Easy Way to Shop For a Mortgage Loan
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You're Now Reading:
New Home Sales Hold Steady in September, Prices Dip
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 Hold Steady in September, Prices Dip
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Mortgage Rates

October 25, 2012 (Chris Moore)

The nation’s new home builders sold virtually the same amount of homes in September as they did in August but a slightly higher percentage of sub-$300,000 homes caused prices to dip slightly according to the latest housing data released by the Census Bureau.

Sales of new single-family homes increased 5.7 percent in September to a seasonally adjusted rate of 389,000, up from a sales rate of 368,000 in August. On an unadjusted basis, new home sales were unchanged from the previous month.

The rate of sales in September was 27.1 percent higher than the estimated sales rate of 306,000 units in September of 2011. Sales were also 29.2 percent higher than in September of last year on an unadjusted basis. Through the end of September, new home sales are 21.8 percent higher than at the same time last year.

The median sales price of the new homes sold in September was $242,400, which was down from a revised $250,400 in August. The average sales price for a new home in September was $292,400, down from a revised $293,900 in August.

Sixty-eight percent of the new single-family homes sold in September were under $300,000, up from 65 percent in August.

In September of last year, the median sales price of a new home was 10.5 percent lower at $217,000, while the average sales price was 12.7 percent lower at $255,400.

Three of the four national regions posted increases in seasonally adjusted monthly sales led by a 16.8 percent gain in the South, closely followed by a gain of 16.7 percent in the Northeast with the West reporting a gain of 3.9 percent.

The Midwest reported the only decline in sales, falling 37.3 percent from the previous month.

Compared to a year ago, three of the four regions also showed improvement with the Northeast posting the largest increase of 75.0 percent followed by the West at 62.1 percent and the South at 24.3 percent. The Midwest also reported the only annual decline with new home sales falling 31.9 percent from the previous year.

Inventory of new single-family homes increased to a seasonally adjusted 145,000 homes available for sale, which translates into a 4.5 months supply of inventory, down 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 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
About
Mortgages
Mortgage
Calculator
Mortgage
Rates

October 25, 2012 (Chris Moore)

The nation’s new home builders sold virtually the same amount of homes in September as they did in August but a slightly higher percentage of sub-$300,000 homes caused prices to dip slightly according to the latest housing data released by the Census Bureau.

Sales of new single-family homes increased 5.7 percent in September to a seasonally adjusted rate of 389,000, up from a sales rate of 368,000 in August. On an unadjusted basis, new home sales were unchanged from the previous month.

The rate of sales in September was 27.1 percent higher than the estimated sales rate of 306,000 units in September of 2011. Sales were also 29.2 percent higher than in September of last year on an unadjusted basis. Through the end of September, new home sales are 21.8 percent higher than at the same time last year.

The median sales price of the new homes sold in September was $242,400, which was down from a revised $250,400 in August. The average sales price for a new home in September was $292,400, down from a revised $293,900 in August.

Sixty-eight percent of the new single-family homes sold in September were under $300,000, up from 65 percent in August.

In September of last year, the median sales price of a new home was 10.5 percent lower at $217,000, while the average sales price was 12.7 percent lower at $255,400.

Three of the four national regions posted increases in seasonally adjusted monthly sales led by a 16.8 percent gain in the South, closely followed by a gain of 16.7 percent in the Northeast with the West reporting a gain of 3.9 percent.

The Midwest reported the only decline in sales, falling 37.3 percent from the previous month.

Compared to a year ago, three of the four regions also showed improvement with the Northeast posting the largest increase of 75.0 percent followed by the West at 62.1 percent and the South at 24.3 percent. The Midwest also reported the only annual decline with new home sales falling 31.9 percent from the previous year.

Inventory of new single-family homes increased to a seasonally adjusted 145,000 homes available for sale, which translates into a 4.5 months supply of inventory, down 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.

October 25, 2012 (Chris Moore)

The nation’s new home builders sold virtually the same amount of homes in September as they did in August but a slightly higher percentage of sub-$300,000 homes caused prices to dip slightly according to the latest housing data released by the Census Bureau.

Sales of new single-family homes increased 5.7 percent in September to a seasonally adjusted rate of 389,000, up from a sales rate of 368,000 in August. On an unadjusted basis, new home sales were unchanged from the previous month.

The rate of sales in September was 27.1 percent higher than the estimated sales rate of 306,000 units in September of 2011. Sales were also 29.2 percent higher than in September of last year on an unadjusted basis. Through the end of September, new home sales are 21.8 percent higher than at the same time last year.

The median sales price of the new homes sold in September was $242,400, which was down from a revised $250,400 in August. The average sales price for a new home in September was $292,400, down from a revised $293,900 in August.

Sixty-eight percent of the new single-family homes sold in September were under $300,000, up from 65 percent in August.

In September of last year, the median sales price of a new home was 10.5 percent lower at $217,000, while the average sales price was 12.7 percent lower at $255,400.

Three of the four national regions posted increases in seasonally adjusted monthly sales led by a 16.8 percent gain in the South, closely followed by a gain of 16.7 percent in the Northeast with the West reporting a gain of 3.9 percent.

The Midwest reported the only decline in sales, falling 37.3 percent from the previous month.

Compared to a year ago, three of the four regions also showed improvement with the Northeast posting the largest increase of 75.0 percent followed by the West at 62.1 percent and the South at 24.3 percent. The Midwest also reported the only annual decline with new home sales falling 31.9 percent from the previous year.

Inventory of new single-family homes increased to a seasonally adjusted 145,000 homes available for sale, which translates into a 4.5 months supply of inventory, down 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.