Comments on: New home sales up 0.7 percent in August; or NOT? Down 3.4 percent from a year ago or down 27.8 percent? http://realestateconsumernews.com/real-estate-market/new-home-sales-up-0-7-percent-in-august-or-not-down-3-4-percent-from-a-year-ago-or-down-27-8-percent/ Real Estate Consumer News is a one stop source for consumers to get the information they want and need concerning real estate Sat, 10 Sep 2011 13:21:29 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Dennis Norman http://realestateconsumernews.com/real-estate-market/new-home-sales-up-0-7-percent-in-august-or-not-down-3-4-percent-from-a-year-ago-or-down-27-8-percent/comment-page-1/#comment-832 Dennis Norman Tue, 29 Sep 2009 00:43:09 +0000 http://realestateconsumernews.com/?p=1484#comment-832 Excellent question Nicole... If we just simply look at actual new homes sold this year thus far without adjusting for seasonality, based upon the 263,000 homes sold through August that works out to 32,875 per month. The Commerce Department estimated 262,000 new homes for sale at the end of August so that would work out to a 7.96 month supply. If you want to trust my projection for the year of 385,000 - 395,000 new homes sold, then, if we compromise and call it 390,000, then that would work out to sales of 32,500 per month for 2009 which would work out to a 8.1 month supply. In either event,we are not far off from the Commerce Departments estimate of a 7.3 month supply of new homes. Excellent question Nicole…
If we just simply look at actual new homes sold this year thus far without adjusting for seasonality, based upon the 263,000 homes sold through August that works out to 32,875 per month. The Commerce Department estimated 262,000 new homes for sale at the end of August so that would work out to a 7.96 month supply.

If you want to trust my projection for the year of 385,000 – 395,000 new homes sold, then, if we compromise and call it 390,000, then that would work out to sales of 32,500 per month for 2009 which would work out to a 8.1 month supply.

In either event,we are not far off from the Commerce Departments estimate of a 7.3 month supply of new homes.

]]> By: Nicole Dinkelacker http://realestateconsumernews.com/real-estate-market/new-home-sales-up-0-7-percent-in-august-or-not-down-3-4-percent-from-a-year-ago-or-down-27-8-percent/comment-page-1/#comment-831 Nicole Dinkelacker Mon, 28 Sep 2009 21:50:27 +0000 http://realestateconsumernews.com/?p=1484#comment-831 So given your analysis, what would be the months of supply figure? So given your analysis, what would be the months of supply figure?

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