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New Single-Family Home Sales Fall in March, Get February Surprise
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You're Now Reading:
New Single-Family Home Sales Fall in March, Get February Surprise
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 Single-Family Home Sales Fall in March, Get February Surprise
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April 25, 2012 (Chris Moore)

Monthly sales of new single-family homes fell in March but still remained above last year’s pace while a huge revision in February’s figures turned a modest decline for that month into a healthy gain according to the latest housing data released by the Census Bureau.

Sales of new single-family homes declined 7.1 percent in March to a seasonally adjusted rate of 328,000, down from a revised rate of 353,000 in February. The seasonally adjusted rate in February was revised upward from 313,000, turning the previous month’s 1.6 percent decline into an 11.0 percent gain.

The rate of sales in March was 7.5 percent higher than the estimated sales rate of 305,000 units in March of 2011.

The median sales price of the new homes sold in March was $234,500, which was down from a revised $236,900 in February. The average sales price for a new home in March was $291,200, up from a revised $269,700 in February.

Sixty-seven percent of the new single-family homes sold in March were under $300,000, down from 75 percent in February.

In March of last year, the median sales price of a new home was 6.0 percent lower at $220,500, while the average sales price was 10.4 percent lower at $260,800.

Two of the four regions posted increases in seasonally adjusted monthly sales with the Northeast and the South posting gains of 7.7 and 3.1 percent, respectively, while the West and the Midwest posted declines of 27.0 and 20.0 percent, respectively.

Similarly, compared to a year ago, the Northeast and the South posted gains of 12.0 and 16.4 percent, respectively, while the West and the Midwest posted declines of 7.1 and 7.7 percent, respectively.

Inventory of new single-family homes remained relatively balanced by historical standards with a seasonally adjusted 144,000 homes available for sale, which translates into a 5.3 months supply of inventory.

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

Source:
Census Bureau

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April 25, 2012 (Chris Moore)

Monthly sales of new single-family homes fell in March but still remained above last year’s pace while a huge revision in February’s figures turned a modest decline for that month into a healthy gain according to the latest housing data released by the Census Bureau.

Sales of new single-family homes declined 7.1 percent in March to a seasonally adjusted rate of 328,000, down from a revised rate of 353,000 in February. The seasonally adjusted rate in February was revised upward from 313,000, turning the previous month’s 1.6 percent decline into an 11.0 percent gain.

The rate of sales in March was 7.5 percent higher than the estimated sales rate of 305,000 units in March of 2011.

The median sales price of the new homes sold in March was $234,500, which was down from a revised $236,900 in February. The average sales price for a new home in March was $291,200, up from a revised $269,700 in February.

Sixty-seven percent of the new single-family homes sold in March were under $300,000, down from 75 percent in February.

In March of last year, the median sales price of a new home was 6.0 percent lower at $220,500, while the average sales price was 10.4 percent lower at $260,800.

Two of the four regions posted increases in seasonally adjusted monthly sales with the Northeast and the South posting gains of 7.7 and 3.1 percent, respectively, while the West and the Midwest posted declines of 27.0 and 20.0 percent, respectively.

Similarly, compared to a year ago, the Northeast and the South posted gains of 12.0 and 16.4 percent, respectively, while the West and the Midwest posted declines of 7.1 and 7.7 percent, respectively.

Inventory of new single-family homes remained relatively balanced by historical standards with a seasonally adjusted 144,000 homes available for sale, which translates into a 5.3 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.

April 25, 2012 (Chris Moore)

Monthly sales of new single-family homes fell in March but still remained above last year’s pace while a huge revision in February’s figures turned a modest decline for that month into a healthy gain according to the latest housing data released by the Census Bureau.

Sales of new single-family homes declined 7.1 percent in March to a seasonally adjusted rate of 328,000, down from a revised rate of 353,000 in February. The seasonally adjusted rate in February was revised upward from 313,000, turning the previous month’s 1.6 percent decline into an 11.0 percent gain.

The rate of sales in March was 7.5 percent higher than the estimated sales rate of 305,000 units in March of 2011.

The median sales price of the new homes sold in March was $234,500, which was down from a revised $236,900 in February. The average sales price for a new home in March was $291,200, up from a revised $269,700 in February.

Sixty-seven percent of the new single-family homes sold in March were under $300,000, down from 75 percent in February.

In March of last year, the median sales price of a new home was 6.0 percent lower at $220,500, while the average sales price was 10.4 percent lower at $260,800.

Two of the four regions posted increases in seasonally adjusted monthly sales with the Northeast and the South posting gains of 7.7 and 3.1 percent, respectively, while the West and the Midwest posted declines of 27.0 and 20.0 percent, respectively.

Similarly, compared to a year ago, the Northeast and the South posted gains of 12.0 and 16.4 percent, respectively, while the West and the Midwest posted declines of 7.1 and 7.7 percent, respectively.

Inventory of new single-family homes remained relatively balanced by historical standards with a seasonally adjusted 144,000 homes available for sale, which translates into a 5.3 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.