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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 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 [...] 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 [...] 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, [...] 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 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 [...] 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 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 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 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 homes for [...] By: Dennis Norman This morning the National Association of REALTORS(R) released data for existing home sales for November. The numbers show sales of existing homes down 8.6% nationwide versus October and down 10.6% versus last year. The Northeast saw the biggest decline in sales being down 12.0% versus last month and 18.0% versus last year. The west region only [...] |
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