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Dennis Norman The U.S. Department of Commerce released a report showing the sale of New Homes in January were at a seasonally adjusted annual rate of 309,000, an 11.2 percent decrease from the revised December rate of 348,000 and is 6.1 percent below a year ago.
Dennis Norman The U.S. Department of Commerce released a report showing the sale of New Homes in December were at a seasonally adjusted annual rate of 342,000, a 7.6 percent decrease from the revised November rate of 370,000 and is 8.6 percent below a year ago. My Mantra As has been my long-running mantra, I don’t like “seasonally adjusted” numbers [...] Dennis Norman In a just a few days we will say goodbye to 2009; a year that has been brutal to the housing market. So as the new year comes in, what will 2010 hold in store for the housing market? To answer this question I turned to the housing forecast just released by Fannie Mae to see [...] Dennis Norman New homes were started in November at an annual rate of 482,000 homes and I asked why in my post last week since new home construction was already outpacing sales….well, today the gap got worse.. This morning the U.S. Department of Commerce released a report showing the sale of New Homes in November were [...] New home construction is on the rise in November…. WHY??? They aren’t selling as fast as they are being built…didn’t we learn our lesson? The U.S. Census Bureau and US Department of Housing and Urban Development (HUD) issued a their report on New Residential Construction for November 2009 showing an increase in new home construction activity from October. The [...] Dennis Norman This morning the U.S. Department of Commerce released a report showing the sale of New Homes in October were at a seasonally adjusted annual rate of 430,000, a 6.2 percent increase from the revised September rate of 405,000 and is 5.1 percent above a year ago. My Mantra As has been my long-running mantra, I don’t like “seasonally adjusted” numbers and [...] Even with a decline in new home starts and completions, new home construction activity is still outpacing new home sales potentially leading to inventories increasing again. The US Census Bureau and US Department of Housing and Urban Development (HUD) issued a their report on New Residential Construction for October 2009 showing a decrease in new home construction [...] Dennis Norman This morning the U.S. Department of Commerce released a report showing the sale of New Homes in September were at a seasonally adjusted annual rate of 402,000, a 3.6 percent decrease from the revised August rate of 417,000 and is 7.8 percent below a year ago. Like I pointed out however, in my post last month, [...] This morning the US Census Bureau and US Department of Housing and Urban Development (HUD) issued a their report on New Residential Construction for September 2009 showing an increase in new home construction activity from August. The report shows the following: Building permits issued for single-family residences in September were at an annual rate of 450,000 which is 3.0 percent below [...] Dennis Norman The Mortgage Bankers Association (MBA) released a report this week with a their forecast of where the economy, housing market and interest rates are headed for the balance of this year as well as next year. While I think in these volatile times I think it is extremely difficult to make predictions with regard to our [...] Dennis Norman Yesterday I did a post about the new home sales report issued by the U.S. Department of Commerce and, just like much of the media and bloggers out there, I reported that new home sales rose in August, albeit a scant 0.7 percent and that the seasonally adjusted annual rate of new home sales [...] Dennis Norman This morning the U.S. Department of Commerce released a report showing the sale of New Homes in August were at a seasonally adjusted annual rate of 429,000, a 0.7 percent increase from July, but a 3.4 percent decrease from a year ago. The Northeast region after seeing a 32.4 percent increase in sales in July [...] This morning the US Census Bureau and US Department of Housing and Urban Development (HUD) issued a their report on New Residential Construction for August 2009 showing a slight decrease in new home construction activity from July. The report shows the following: Building permits issued for single-family residences in August were at an annual rate of 462,000 [...] Dennis Norman This morning the U.S. Department of Commerce released a report showing the sale of New Homes in July were at a seasonally adjusted annual rate of 433,000, a 9.6 percent increase from June and makes the fourth consecutive month of new home sales increases. The Northeast region saw the biggest monthly increase in new home [...] This morning the US Census Bureau and US Department of Housing and Urban Development (HUD) issued a their report on New Residential Construction for July 2009 showing a slight increase in new home construction activity from June. The report shows the following: Building permits issued for single-family residences in July were at an annual rate of 458,000 which is [...] Dennis Norman This morning the U.S. Department of Commerce released a report showing the sale of New Homes in June were at a seasonally adjusted annual rate of 384,000, an 11% increase from May. The year over year decline lessened, June’s numbers are down 21.3% from a year ago which is a substantial improvement over May’s [...] Dennis Norman By: Dennis Norman This morning the U.S. Department of Commerce released a report showing the sale of New Homes in May were at a seasonally adjusted annual rate of 342,000. this represents a 0.6% drop from Aprils rate of 344,000 and is almost 33% down from a year ago. Three of the four regions in the [...] By: Dennis Norman This morning the US Census Bureau and US Department of Housing and Urban Development (HUD) issued a their report on New Residential Construction for May 2009 showing a slight increase in new home construction activity. The report shows the following: Building permits issued for single-family residences in May were at an annual rate of 408,000 which is a [...] Dennis Norman By: Dennis Norman Today the U.S. Census Bureau released it’s construction spending report for March, 2009 showing that spending on private, residential construction was at a seasonally-adjusted annual rate of $258.4 billion. This is down 4.2% from February and down 34% from a year ago. In light of what is going on in the housing market [...] By: Dennis Norman This morning the U.S. Department of Commerce released a report showing the sale of New Homes in March decreased 0.6 percent from February and is 30.6% less than a year ago. A decline of less than 1%, following last February’s increase of 4.7% in sales I think again shows the market is perhaps leveling off. [...] By: Dennis Norman Today the U.S. Department of Commerce reported new home starts for March were down 10.8% from February and down 48.4% from a year ago. This is a sharp contrast to last months numbers which showed a 22% increase over January. However, like I said in my post last month, I don’t think the increase was necessarily good news with [...] By: Dennis Norman This morning the U.S. Department of Commerce released a report showing the sale of New Homes in February increased 4.7% over January sales but was still 41.1% less than a year ago. It will take a lot more than this to conclude that we have “hit bottom” yet in the new home market but I think this is a [...] By: Dennis Norman Today the U.S. Department of Commerce reported new home starts for February were up over 22% from January although still over 47% down from a year ago. This increase was unexpected and judging by the many news stories and blog posts I have seen today is apparently being viewed as good news. I don’t [...] By: Dennis Norman This morning the U.S. Department of Commerce released a report showing the sale of New Homes in January was down 10.2% from December and down over 48% from a year ago. There is some good news in this report…consistent with the last few months, the number of new homes available for sale [...] By: Dennis Norman Gerry Loesch, PE In parts one, two, three and four of this series I gave you some background on Gerry Loesch as well as his informative E-View TM . .
By: Dennis Norman Gerry Loesch, PE In parts one, two and three of this series I gave you some background on Gerry Loesch as well as his informative E-View TM . Now we’ll pick up where we left off. Gerry’s closing remarks show his passion for his profession: “I still love what I do. It [...] By: Dennis Norman Today the US Census Buruea and US Department of Housing and Urban Development (HUD) issued a report on December new home starts, permits and completions. Once again the numbers in all three categories dropped. Building permits for privately-owned housing units at an annual rate of 548,000 for December fell 10.7% from November and was [...] |
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