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New Home Sales Poised for Best Year Since 2009
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New Home Sales Poised for Best Year Since 2009
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 Poised for Best Year Since 2009
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(January 11, 2013) The nation’s new home builders are poised to have their best year since 2009 as new home sales increased by over four percent from October to November and are on pace to finish at least 20 percent higher than last year according to the latest housing data released by the Census Bureau.

Monthly sales of new single-family homes increased 4.4 percent in November to a seasonally adjusted rate of 377,000, up from a revised sales rate of 361,000 in October. On an unadjusted basis, new home sales fell 6.9 percent from the previous month.

The seasonally adjusted rate of sales in November was 15.3 percent higher than the estimated sales rate of 327,000 units in November of 2011. Sales were also 17.4 percent higher than in November of last year on an unadjusted basis. Through the end of November, new home sales are 20.1 percent higher than at the same time last year.

The median sales price of the new homes sold in November was $246,200, which was up from a revised $237,500 in October. The average sales price for a new home in November was $299,700, up from a revised $272,200 in October.

Sixty-eight percent of the new single-family homes sold in November were under $300,000, down from 69 percent in October.

In November of last year, the median sales price of a new home was 13.0 percent lower at $214,300, while the average sales price was 16.6 percent lower at $250,000.

Two of the four national regions posted increases in seasonally adjusted monthly sales led by a 21.1 percent gain in the South, followed by a gain of 12.5 percent in the Northeast.

The West reported the largest decline of 17.8 percent while the Midwest posted a decline in sales of 12.5 percent.

Compared to a year ago, three of the four regions showed improvement with the Northeast posting the largest increase of 68.8 percent followed by the South at 17.2 percent and the West at 13.7 percent.

The Midwest suffered the only year-over-year decline with sales falling by 5.8 percent from the previous year..

Inventory of new single-family homes increased to a seasonally adjusted 149,000 homes available for sale, which translates into a 4.7 months supply of inventory, down slightly from a revised 4.9 months supply the previous month.

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

Source:
Census Bureau

Reported by Chris Moore

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(January 11, 2013) The nation’s new home builders are poised to have their best year since 2009 as new home sales increased by over four percent from October to November and are on pace to finish at least 20 percent higher than last year according to the latest housing data released by the Census Bureau.

Monthly sales of new single-family homes increased 4.4 percent in November to a seasonally adjusted rate of 377,000, up from a revised sales rate of 361,000 in October. On an unadjusted basis, new home sales fell 6.9 percent from the previous month.

The seasonally adjusted rate of sales in November was 15.3 percent higher than the estimated sales rate of 327,000 units in November of 2011. Sales were also 17.4 percent higher than in November of last year on an unadjusted basis. Through the end of November, new home sales are 20.1 percent higher than at the same time last year.

The median sales price of the new homes sold in November was $246,200, which was up from a revised $237,500 in October. The average sales price for a new home in November was $299,700, up from a revised $272,200 in October.

Sixty-eight percent of the new single-family homes sold in November were under $300,000, down from 69 percent in October.

In November of last year, the median sales price of a new home was 13.0 percent lower at $214,300, while the average sales price was 16.6 percent lower at $250,000.

Two of the four national regions posted increases in seasonally adjusted monthly sales led by a 21.1 percent gain in the South, followed by a gain of 12.5 percent in the Northeast.

The West reported the largest decline of 17.8 percent while the Midwest posted a decline in sales of 12.5 percent.

Compared to a year ago, three of the four regions showed improvement with the Northeast posting the largest increase of 68.8 percent followed by the South at 17.2 percent and the West at 13.7 percent.

The Midwest suffered the only year-over-year decline with sales falling by 5.8 percent from the previous year..

Inventory of new single-family homes increased to a seasonally adjusted 149,000 homes available for sale, which translates into a 4.7 months supply of inventory, down slightly from a revised 4.9 months supply the previous month.

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

Source:
Census Bureau

Reported by Chris Moore

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.

(January 11, 2013) The nation’s new home builders are poised to have their best year since 2009 as new home sales increased by over four percent from October to November and are on pace to finish at least 20 percent higher than last year according to the latest housing data released by the Census Bureau.

Monthly sales of new single-family homes increased 4.4 percent in November to a seasonally adjusted rate of 377,000, up from a revised sales rate of 361,000 in October. On an unadjusted basis, new home sales fell 6.9 percent from the previous month.

The seasonally adjusted rate of sales in November was 15.3 percent higher than the estimated sales rate of 327,000 units in November of 2011. Sales were also 17.4 percent higher than in November of last year on an unadjusted basis. Through the end of November, new home sales are 20.1 percent higher than at the same time last year.

The median sales price of the new homes sold in November was $246,200, which was up from a revised $237,500 in October. The average sales price for a new home in November was $299,700, up from a revised $272,200 in October.

Sixty-eight percent of the new single-family homes sold in November were under $300,000, down from 69 percent in October.

In November of last year, the median sales price of a new home was 13.0 percent lower at $214,300, while the average sales price was 16.6 percent lower at $250,000.

Two of the four national regions posted increases in seasonally adjusted monthly sales led by a 21.1 percent gain in the South, followed by a gain of 12.5 percent in the Northeast.

The West reported the largest decline of 17.8 percent while the Midwest posted a decline in sales of 12.5 percent.

Compared to a year ago, three of the four regions showed improvement with the Northeast posting the largest increase of 68.8 percent followed by the South at 17.2 percent and the West at 13.7 percent.

The Midwest suffered the only year-over-year decline with sales falling by 5.8 percent from the previous year..

Inventory of new single-family homes increased to a seasonally adjusted 149,000 homes available for sale, which translates into a 4.7 months supply of inventory, down slightly from a revised 4.9 months supply the previous month.

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

Source:
Census Bureau

Reported by Chris Moore

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.