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New Single-Family Home Sales Decline 1.0 Percent in June
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You're Now Reading:
New Single-Family Home Sales Decline 1.0 Percent in June
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 Single-Family Home Sales Decline 1.0 Percent in June
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July 26, 2011 (Chris Moore)

Sales of new single-family homes declined 1.0 percent from May to June at a seasonally adjusted rate of 312,000, the second straight month of declines, according to the latest data from the U.S. Census Bureau.

New single-family home sales had fallen to an all-time low of 279,000 in February and were followed by gains in March and April, but dipped again in May. Sales in June were still 1.6 percent higher than the estimated 307,000 units sold in June of 2010.

The median sales price of the new homes sold in June was $235,200, which was up from $222,000 in May. The average sales price in June was $269,000, which was also up from $266,400 in May.

Two of the four regions experienced a gain in new home sales from May to June, while three of the regions experienced year-over-year sales gains.

New single-family home sales in the South increased 3.4 percent, while in the Midwest, sales increased 9.5 percent from May to June. The West reported a sales decline of 12.7 percent, while sales in the Northeast dropped 15.8 percent.

In year-over-year sales, only the Northeast suffered a decline. The Midwest reported a sales increase of 2.2 percent, the South saw an increase of 4.6 percent and the West reported a 23.2 percent increase in new single-family home sales. Year-over-year new home sales in the Northeast declined 51.5 percent.

Inventory of new single-family homes remained relatively balanced by historic standards with a seasonally adjusted 164,000 homes available for sale, which translates into a 6.3 months supply of inventory.

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

July 26, 2011 (Chris Moore)

Sales of new single-family homes declined 1.0 percent from May to June at a seasonally adjusted rate of 312,000, the second straight month of declines, according to the latest data from the U.S. Census Bureau.

New single-family home sales had fallen to an all-time low of 279,000 in February and were followed by gains in March and April, but dipped again in May. Sales in June were still 1.6 percent higher than the estimated 307,000 units sold in June of 2010.

The median sales price of the new homes sold in June was $235,200, which was up from $222,000 in May. The average sales price in June was $269,000, which was also up from $266,400 in May.

Two of the four regions experienced a gain in new home sales from May to June, while three of the regions experienced year-over-year sales gains.

New single-family home sales in the South increased 3.4 percent, while in the Midwest, sales increased 9.5 percent from May to June. The West reported a sales decline of 12.7 percent, while sales in the Northeast dropped 15.8 percent.

In year-over-year sales, only the Northeast suffered a decline. The Midwest reported a sales increase of 2.2 percent, the South saw an increase of 4.6 percent and the West reported a 23.2 percent increase in new single-family home sales. Year-over-year new home sales in the Northeast declined 51.5 percent.

Inventory of new single-family homes remained relatively balanced by historic standards with a seasonally adjusted 164,000 homes available for sale, which translates into a 6.3 months supply of inventory.

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.

July 26, 2011 (Chris Moore)

Sales of new single-family homes declined 1.0 percent from May to June at a seasonally adjusted rate of 312,000, the second straight month of declines, according to the latest data from the U.S. Census Bureau.

New single-family home sales had fallen to an all-time low of 279,000 in February and were followed by gains in March and April, but dipped again in May. Sales in June were still 1.6 percent higher than the estimated 307,000 units sold in June of 2010.

The median sales price of the new homes sold in June was $235,200, which was up from $222,000 in May. The average sales price in June was $269,000, which was also up from $266,400 in May.

Two of the four regions experienced a gain in new home sales from May to June, while three of the regions experienced year-over-year sales gains.

New single-family home sales in the South increased 3.4 percent, while in the Midwest, sales increased 9.5 percent from May to June. The West reported a sales decline of 12.7 percent, while sales in the Northeast dropped 15.8 percent.

In year-over-year sales, only the Northeast suffered a decline. The Midwest reported a sales increase of 2.2 percent, the South saw an increase of 4.6 percent and the West reported a 23.2 percent increase in new single-family home sales. Year-over-year new home sales in the Northeast declined 51.5 percent.

Inventory of new single-family homes remained relatively balanced by historic standards with a seasonally adjusted 164,000 homes available for sale, which translates into a 6.3 months supply of inventory.

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.