|
|||||
 |
New home construction in Mary rose slightly in May with construction commencing on new homes at a seasonally adjusted, annual, rate of 599,000 homes, up slightly (0.3 percent) from April when the rate was 597,000 homes, according to the latest report from HUD. Building permits for new homes were issued in May at the annual rate [...] A survey by Fannie Mae of current renters revealed that 90 percent of current tenants expect to buy a home in the future. Almost half, 42 percent, of those tenants that plan to buy say it it may be 5 years or more before they are able to buy. With so many first-time homebuyers planning [...] Sales of new single-family houses in April 2013 were 29.0 percent higher than a year ago, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. New homes sold at a seasonally adjusted annual rate of 454,000 homes in April which is 2.3 percent (±12.8%)* above [...] Building permits for new homes in April were issued at a rate equal to 617,000 homes a year, according to the latest report from the Census Bureau and HUD. April’s permit activity is 3 percent higher than March and is an increase of 27.5 percent from a year ago. In April work began on new [...] As the housing market improves, foreclosures are declining and in fact foreclosure starts for the first quarter of 2013 were down 27 percent from the first quarter of 2012, according to a report just released by RealtyTrac. The report also took an in depth look at the new home market and found that new homes [...] Home Builders Unable To Respond To Rising Demand Home builders blame rising building material costs and tight credit for hindering their efforts to keep up with rising demand for new homes, according to the National Association of Home Builders (NAHB). “Many home builders are expressing frustration over being unable to respond to the rising demand [...] Home Building Job Growth Is On The Rise Says NAHB The National Association of Home Builders (NAHB) says, in spite of a relatively weak jobs report for March, job growth in home building appears to be picking up. In March, only 88,000 net job were created in all industries, however the home-building industry added [...] New home building permits issued in February were at an annual rate of 600,000 homes, an increase of 25.5 percent from February 2012 and an increase of 2.7 percent from January. New home starts in February were at an annual rate of 618,000 homes, a 0.5 percent increase from January and a 31.5 percent increase from February, 2012. [...] Existing home sales are expected to surpass the 5 million mark in 2013, according to Kiplinger’s Economic Outlook published yesterday. Last year there were 4.65 million homes sold and Kiplinger is predicting a 7.5 percent increase this year bringing the total to close to 5 million. According to the National Association of REALTORS, [...] The price of a home was cited as the leading motivator for first-time home buyers’ selection of a house to buy with thirty-eight (38) percent of first-time home buyers giving that as their top key concern, according to the recently released 2011 American Housing Survey (AHS) by the National Association of Home Builders (NAHB). [...] New home sales started off 2013 with a bang, with sales in January at a seasonally adjusted rate of 437,000 homes, an increase of 15.6 percent from the month before and an increase of 28.9 percent from a year ago the largest increase in activity since 1993, according to the new home sales report for [...] After all the talk over the past few years of an over supply of homes on the market, shadow inventory and the like, could we really be facing a shortage of homes in the near future? Well, many economists think so and the more I study it the more I can see that it is [...] New homes sold in December at a seasonally adjusted rate of 369,000 homes which is down 7.3 percent from November but is an increase of 8.8 percent from the same time last year, according to the new home sales report for December 2012 from the Commerce Department. This closes out 2012 with almost 20 percent more new home sales than 2011. New home prices were on the rise during the year as well, increasing from $218,600 in December 2011 to $248,900 in December 2012 and the supply of new homes for sale fell from 5.4 months supply in December 2011 to a 4.9 month supply in December 2012. [...] New home sales in November increased 4.4 percent from the month before and 15.3 percent from a year ago on a national basis, however, in the South region, new home sales shot up over 20 percent ahead of a year ago, according to the new home sales for November 2012 just released by the Commerce Department. [...] Even though we have been in one of the worst real estate recessions since the great depression and the economy is still struggling, homebuyers are not willing to cut back on their next new home, not at least in terms of size, according to survey results recently released by national home builder, PulteGroup. [...] New home construction activity slowed in November from the month before according to the report on new home construction activity from the Commerce Department. On the bright side, new home construction is up significantly from a year ago which, even though a year ago the numbers were at near record lows, it’s still an improvement. [...] After several years of discouraging news about the housing market and watching the value of their home decline, homeowners many now have something to look forward to if Frank Nothaft, chief economist for Freddie Mac is right. Mr Northaft, in the most recent Freddie Mac housing market outlook, gave his projections for the housing market for 2013 and it sounds pretty good, particularly after what we have been through over the past 5 years. [...] Home Builders are seeing the light at the end of the tunnel it seems judging by a report given today by David Crowe, PhD., Chief Economist of the National Association of Home Builders NAHB, saying there is a “fragile” recovery occurring in the housing market. Crowe said, as the charts below show, that there are many reasons to be somewhat optimistic about the housing market but did caution that it (housing market) could be “affected both directions by the recent election results”. [...] New home sales continue at a pace of about 17 percent better than last year and in fact has already exceeded last years new home sales with two months to go. New home sales for October were at a seasonally adjusted annual rate of 368,000 homes,according to the October New Home Sales Report released by the Commerce Department today and, through October, there have been 312,000 new homes sold, surpassing last years total sales of 306,000 and gaining on the total new homes sold in 2010 of 323,000. New home prices dropped slightly in October with a median price of 237,700, down from $248,000 the month before. [...] New home construction is definitely picking up, evidenced by today’s report from the Commerce Department showing that new home permits, starts and completions in October 2012 all increased in the double digits from October 2011. New home permits were up 26.6 percent from the year before, new home starts up 35.3 percent and completed new homes increased in October by 21.8 percent from a year ago. [...] New home sales continue to show signs that a recovery is coming to the new home market. Today’s new home sales report from the U.S. Census Bureau shows that new home sales increased in September 5.7 percent from August and were up over 27 percent from a year ago! The report also shows that the supply of new homes is dwindling dropping to a 4.5 month supply in September, the lowest rate in years! New home prices remain fairly steady with the median price of a new home in September coming in at $242,400. [...] The housing market continues to show some strength as well as evidence that the worst of the housing downturn is behind us and we are headed toward a recovery for the housing market. Today’s new home construction report was no different, showing increases in new construction in September in all aspects; permits, starts and completions! [...] If you’ve put off buying a new home waiting for prices to fall further so you could get the best deal, I think you missed the boat, er, house. The badly beat-up new home market continues to show signs that the worst is over as evidenced by the most recent report on new home sales for August showing home sales were up almost 28 percent (27.7) from a year ago and prices were up 17 percent for the same period. [...] It’s not coming quick, but there has been slow and steady progress for the new home building industry lately and the positive trend continued in August as new home construction activity, including permits, construction of new homes and completion of new homes, all increased from the month before and were up from activity the year before as well. The U.S. Census Bureau released it’s latest report on new home construction today with the somewhat encouraging news. [...] For the past 4-plus years I have watched “new” homes, or maybe it would be more accurate to say homes that may now be a couple of years old but have never been lived in and are still owned by the builder or his or her bank, sell for less than the cost to build them; in many cases for only 60% – 70% of cost. While, as I constantly tell people, buying a home for 1/2 of what it sold for 5 years ago doesn’t make it a good deal, it may have just been a really bad deal 5 years ago, I do feel buying a new home for less than the cost to build it is a good deal. [...] The National Association of Home Builders says “many builders believe the outlook for housing is considerably brighter than it has been in years”. This optimism was shown today in the report on New Residential Construction for July 2012 from the Commerce Department, showing the number of new home building permits in increased 4.5 percent in July from the month before and 23 percent from the year before. [...] Today, the U.S. Department of Housing and Urban Development and U.S. Census Bureau released new home sales data for June 2012 showing a decrease of 8.4 percent from the month before, and an increase of 15.1 percent from a year ago. The seasonally-adjusted new home sales rate for June was 350,000 homes, down from a revised rate of 382,000 homes the month before. The supply of new homes on the market increased to a 4.9 month supply from a revised 4.5 months the month before. The median new home price decreased almost 2.0 percent to $232,600 from a revised median price of $237,100 the month before and decreased 3.2 percent from a year ago when the median new home price was $240,200. [...] The U.S. Census Bureau and US Department of Housing and Urban Development (HUD) issued their report on New Residential Construction for June 2012 showing an increase in single-family home building permits from the year before of 19.7 percent and a 21.7 percent increase in new home starts for the same period. [...] |
||||
|
Connecting St. Louis Information St. Louis Contact Us Copyright © 2013 Real Estate Consumer News - All Rights Reserved The owner and authors this site are providing the information on this web site for general informational purposes only and make no representations, warranties (expressed or implied) or guarantees of any kind whatsoever, as to the accuracy or completeness of any information on this site or of any information found by following any link on this site. Furthermore, the owner and authors of this site will not be liable in any manner whatsoever for any errors or omissions in information on this site, nor for the availability of this information. Additionally the owner and authors of this site will not be liable for for any losses, injuries or damages in any way from the display or use of this information or as the result of following external links displayed on this site, or by responding to advertisements displayed, or contained, on this site
In using this site, users acknowledge and agree that the information on this site does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind nor should it be construed as such. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action on this information, you should consult a qualified professional adviser to whom you have provided all of the facts applicable to your particular situation or question. None of the tax information on this web site is intended to be used nor can it be used by any taxpayer, for the purpose of avoiding penalties that may be imposed on the taxpayer. Powered by WordPress & Atahualpa |
|||||