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New home sales for June increase 11% – Inventory drops to 8.8 month supply

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 [...]

New Home Sales down 14.7% for December 44.8% for 2008

By: Dennis Norman

Today the U.S. Department of Commerce released new home sales data for December 2008.  This report, the last for the year, continued the downward trend of the prior reports. 

Sales of new homes for December dropped to a seasonally adjusted annual rate of 331,000 homes, down from 388,000 in November.  At 331,000 [...]