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 | 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 [...] 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 [...] 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 [...] 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 [...] 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 [...] 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 [...] 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 [...] 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 [...] By:Dennis Norman This morning I received a press release from Move,Inc.,the company that operates Realtor.Com for the National Association of REALTORS(R),with a headline that read “One in Five Americans Plan to Buy a Home Despite Economic Conditions.” After all the bad news about housing I have seen I was elated to [...] 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. [...] By:Dennis Norman
Today the US Department of Commerce released a report on new residential construction for November 2008. Like so many real estate-related reports we are seeing today it was not pretty. The report,a joint release of the US Census Bureau and the US Department of Housing and Urban Development says [...] | ||||
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