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New Home Sales Rebound in July, Prices Dip
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You're Now Reading:
New Home Sales Rebound in July, 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 Rebound in July, Prices Dip
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August 24, 2012 (Chris Moore)

New single-family home sales bounced back in July after June’s 3.5 percent decline while home prices went in the opposite direction, falling from both the previous month and the previous year according to the latest housing data released by the Census Bureau.

Sales of new single-family homes increased 3.6 percent in July to a seasonally adjusted rate of 372,000, up from a sales rate of 359,000 in June. On an unadjusted basis, new home sales remained unchanged from the previous month.

The rate of sales in July was 15.1 percent higher than the estimated sales rate of 297,000 units in July of 2011. Sales were also 20.7 percent higher than in July of last year on an unadjusted basis. Through the end of July, new home sales are 20.8 percent higher than at the same time last year.

The median sales price of the new homes sold in July was $224,200, which was down from a revised $229,100 in June. The average sales price for a new home in July was $263,200, down from a revised $266,900 in June.

Seventy-one percent of the new single-family homes sold in July were under $300,000, unchanged from June.

In July of last year, the median sales price of a new home was 2.5 percent higher at $229,900, while the average sales price was 2.3 percent higher at $270,300.

Two of the four national regions posted declines in seasonally adjusted monthly sales led by a 1.6 percent decline in the South, followed by a 0.9 percent decline in the West.

The Northeast reported a 76.5 increase in new home sales while the Midwest posted a 7.7 percent increase.

Compared to a year ago, all four of the regions showed improvement with the West posting the largest increase of 68.3 percent followed by the Northeast at 30.4 percent while the Midwest and the South reported increases of 21.7 and 9.1 percent, respectively.

Inventory of new single-family homes fell to a seasonally adjusted 142,000 homes available for sale, which translates into a 4.6 months supply of inventory, down from a revised 4.8 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

August 24, 2012 (Chris Moore)

New single-family home sales bounced back in July after June’s 3.5 percent decline while home prices went in the opposite direction, falling from both the previous month and the previous year according to the latest housing data released by the Census Bureau.

Sales of new single-family homes increased 3.6 percent in July to a seasonally adjusted rate of 372,000, up from a sales rate of 359,000 in June. On an unadjusted basis, new home sales remained unchanged from the previous month.

The rate of sales in July was 15.1 percent higher than the estimated sales rate of 297,000 units in July of 2011. Sales were also 20.7 percent higher than in July of last year on an unadjusted basis. Through the end of July, new home sales are 20.8 percent higher than at the same time last year.

The median sales price of the new homes sold in July was $224,200, which was down from a revised $229,100 in June. The average sales price for a new home in July was $263,200, down from a revised $266,900 in June.

Seventy-one percent of the new single-family homes sold in July were under $300,000, unchanged from June.

In July of last year, the median sales price of a new home was 2.5 percent higher at $229,900, while the average sales price was 2.3 percent higher at $270,300.

Two of the four national regions posted declines in seasonally adjusted monthly sales led by a 1.6 percent decline in the South, followed by a 0.9 percent decline in the West.

The Northeast reported a 76.5 increase in new home sales while the Midwest posted a 7.7 percent increase.

Compared to a year ago, all four of the regions showed improvement with the West posting the largest increase of 68.3 percent followed by the Northeast at 30.4 percent while the Midwest and the South reported increases of 21.7 and 9.1 percent, respectively.

Inventory of new single-family homes fell to a seasonally adjusted 142,000 homes available for sale, which translates into a 4.6 months supply of inventory, down from a revised 4.8 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.

August 24, 2012 (Chris Moore)

New single-family home sales bounced back in July after June’s 3.5 percent decline while home prices went in the opposite direction, falling from both the previous month and the previous year according to the latest housing data released by the Census Bureau.

Sales of new single-family homes increased 3.6 percent in July to a seasonally adjusted rate of 372,000, up from a sales rate of 359,000 in June. On an unadjusted basis, new home sales remained unchanged from the previous month.

The rate of sales in July was 15.1 percent higher than the estimated sales rate of 297,000 units in July of 2011. Sales were also 20.7 percent higher than in July of last year on an unadjusted basis. Through the end of July, new home sales are 20.8 percent higher than at the same time last year.

The median sales price of the new homes sold in July was $224,200, which was down from a revised $229,100 in June. The average sales price for a new home in July was $263,200, down from a revised $266,900 in June.

Seventy-one percent of the new single-family homes sold in July were under $300,000, unchanged from June.

In July of last year, the median sales price of a new home was 2.5 percent higher at $229,900, while the average sales price was 2.3 percent higher at $270,300.

Two of the four national regions posted declines in seasonally adjusted monthly sales led by a 1.6 percent decline in the South, followed by a 0.9 percent decline in the West.

The Northeast reported a 76.5 increase in new home sales while the Midwest posted a 7.7 percent increase.

Compared to a year ago, all four of the regions showed improvement with the West posting the largest increase of 68.3 percent followed by the Northeast at 30.4 percent while the Midwest and the South reported increases of 21.7 and 9.1 percent, respectively.

Inventory of new single-family homes fell to a seasonally adjusted 142,000 homes available for sale, which translates into a 4.6 months supply of inventory, down from a revised 4.8 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.