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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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