New Home Sales

Existing home sales grew for a second consecutive month in March 2018 according to the National Association of Realtors.  At a seasonally adjusted annualized rate, completed contracts rose 1.1 percent to 5.6 million units.  However, the year-over-year tally is still 1.2 percent lower despite the strong monthly uptick.

Sales of new homes slowed in January 2018 according to the Census Bureau.  Signed contracts declined 7.8 percent to 593,000 units on an annualized basis.  However, December’s tally was revised upward to 643,000 units (originally 625,000).  This latest slowdown caused the year-over-year trend to fall into negative territory for the first time since August 2017. 

Sales of new homes fell in December 2017 according to the Census Bureau.  Signed contracts declined 9.3 percent in the period to 625,000 units on an annualized rate.

New home sales growth was strong in November 2017 according to data from the Census Bureau.  Rising to 733,000 units on a seasonally adjusted annualized basis, its 17.5 percent surge is the largest in 25 years.  Compared to a year earlier, transactions increased 26.6 percent. 

Sales of new homes surged in September 2017.  According to the Census Bureau, transactions rose to 667,000 on a seasonally adjusted annualized basis.  This is 18.9 percent above August’s upwardly revised tally of 561,000 (originally 560,000).  This jump represents the largest percentage gain in 28 years and puts the indicator at its highest level in the current economic cyc

New homes sales were weak in July 2017 according to data from the Census Bureau.  Signed contracts declined to 571,000 on an annualized basis, falling 59,000 units.  However, there were substantial upgrades to the prior two months’ tallies adding a combined 30,000 to May and June.  Notwithstanding the upgrades to the prior periods, July’s figure is the worst of the ye