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New Home Sales Start the Year Off Right
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New Home Sales Start the Year Off Right
The Easy Way to Shop For a Mortgage Loan
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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 Start the Year Off Right
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The nation’s new home builders started the New Year off on the right foot as new home sales posted a double-digit increase over December according to the latest housing data released by the Census Bureau.

Monthly sales of new single-family homes increased 15.6 percent in January to a seasonally adjusted rate of 437,000, up from a revised sales rate of 378,000 in December. On an unadjusted basis, new home sales increased 14.8 percent from the previous month.

The seasonally adjusted rate of sales in January was 28.9 percent higher than the estimated sales rate of 339,000 units in January of 2012. Sales were also 34.8 percent higher than in January of last year on an unadjusted basis.

The median sales price of the new homes sold in January was $226,400, which was down from a revised $249,800 in December. The average sales price for a new home in January was $286,300, down from a revised $301,500 in December.

Seventy-one percent of the new single-family homes sold in January were under $300,000, up from 58 percent in December.

In January of last year, the median sales price of a new home was 2.1 percent lower at $221,700, while the average sales price was 7.2 percent lower at $265,700.

All four of the national regions posted increases in seasonally adjusted monthly sales led by a 45.3 percent gain in the West, followed by a gain of 27.6 percent in the Northeast.

The Midwest reported tan increase of 11.1 percent while the South posted the smallest increase in sales of 3.2 percent.

Compared to a year ago, all four of the regions also showed improvement with the West posting the largest increase of 60.3 percent followed by the Northeast at 54.2 percent.

The South and the Midwest posted more modest increases of 16.6 and 13.6 perent, respectively.

Inventory of new single-family homes increased slightly to a seasonally adjusted 150,000 homes available for sale, which translates into a 4.9 months supply of inventory, down from a revised 5.6 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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The nation’s new home builders started the New Year off on the right foot as new home sales posted a double-digit increase over December according to the latest housing data released by the Census Bureau.

Monthly sales of new single-family homes increased 15.6 percent in January to a seasonally adjusted rate of 437,000, up from a revised sales rate of 378,000 in December. On an unadjusted basis, new home sales increased 14.8 percent from the previous month.

The seasonally adjusted rate of sales in January was 28.9 percent higher than the estimated sales rate of 339,000 units in January of 2012. Sales were also 34.8 percent higher than in January of last year on an unadjusted basis.

The median sales price of the new homes sold in January was $226,400, which was down from a revised $249,800 in December. The average sales price for a new home in January was $286,300, down from a revised $301,500 in December.

Seventy-one percent of the new single-family homes sold in January were under $300,000, up from 58 percent in December.

In January of last year, the median sales price of a new home was 2.1 percent lower at $221,700, while the average sales price was 7.2 percent lower at $265,700.

All four of the national regions posted increases in seasonally adjusted monthly sales led by a 45.3 percent gain in the West, followed by a gain of 27.6 percent in the Northeast.

The Midwest reported tan increase of 11.1 percent while the South posted the smallest increase in sales of 3.2 percent.

Compared to a year ago, all four of the regions also showed improvement with the West posting the largest increase of 60.3 percent followed by the Northeast at 54.2 percent.

The South and the Midwest posted more modest increases of 16.6 and 13.6 perent, respectively.

Inventory of new single-family homes increased slightly to a seasonally adjusted 150,000 homes available for sale, which translates into a 4.9 months supply of inventory, down from a revised 5.6 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.

The nation’s new home builders started the New Year off on the right foot as new home sales posted a double-digit increase over December according to the latest housing data released by the Census Bureau.

Monthly sales of new single-family homes increased 15.6 percent in January to a seasonally adjusted rate of 437,000, up from a revised sales rate of 378,000 in December. On an unadjusted basis, new home sales increased 14.8 percent from the previous month.

The seasonally adjusted rate of sales in January was 28.9 percent higher than the estimated sales rate of 339,000 units in January of 2012. Sales were also 34.8 percent higher than in January of last year on an unadjusted basis.

The median sales price of the new homes sold in January was $226,400, which was down from a revised $249,800 in December. The average sales price for a new home in January was $286,300, down from a revised $301,500 in December.

Seventy-one percent of the new single-family homes sold in January were under $300,000, up from 58 percent in December.

In January of last year, the median sales price of a new home was 2.1 percent lower at $221,700, while the average sales price was 7.2 percent lower at $265,700.

All four of the national regions posted increases in seasonally adjusted monthly sales led by a 45.3 percent gain in the West, followed by a gain of 27.6 percent in the Northeast.

The Midwest reported tan increase of 11.1 percent while the South posted the smallest increase in sales of 3.2 percent.

Compared to a year ago, all four of the regions also showed improvement with the West posting the largest increase of 60.3 percent followed by the Northeast at 54.2 percent.

The South and the Midwest posted more modest increases of 16.6 and 13.6 perent, respectively.

Inventory of new single-family homes increased slightly to a seasonally adjusted 150,000 homes available for sale, which translates into a 4.9 months supply of inventory, down from a revised 5.6 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.