Following new home sales disappointment, pending home sales dropped 1.8% in June (missing expectations of a 0.9% rise) for the biggest drop sicne Dec 2013. After 5 months of gains, and with median prices at record highs, it appears affordability is crushing hopes of any sustained 'recovery' once again. Show More Summary
Please click here to see the edition of BuilderBytes for 7/28/15 on the Web. In this issue of the MetroIntelligence Economic Update, I covered the following indicators: June new home sales dipped from May but still up 18.1 percent year-over-year...Show More Summary
The infamous home of Breaking Bad character Jesse Pinkman, played by Aaron Paul, has been put up for sale in Albuquerque, New Mexico. You know, the one where he accidentally melted the floor when trying to dispose of a body in an acid-filled bathtub. Show More Summary
This 1930s-built estate, called "Briar Patch," in East Hampton, New York is the most expensive home for sale in the US, according to Zillow Group, the largest real estate network on the web. Perched on a well-manicured knoll, the $140 million property skirts 1,156 feet along Georgica Pond and offers views of the Atlantic Ocean. Show More Summary
New single-family home sales in June hit a seasonally adjusted annual rate of 482,000. According to estimates from U.S. Census Bureau and the Department of Housing and Urban Development, this figure represents a 6.8 percent decline compared to May’s rate of 517,000. June’s rate, however, is 18.1 percent above estimates from 12 months ago...
Despite two straight months of declines in new home sales, new home sales were up 18.1 percent compared to June of last year.
New home sales in June plunged -6.8% to a 482,000 annual rate. Prices were also soft, at a median $281,800, down -1.8% year-on-year. The PMI Manufacturing Index Flash for July came in at 53.8, which is very close to the final June reading of 54.0. Dale’s social media profiles: Twitter | Facebook | Google+
The seasonally adjusted (SA) headline number for the monthly-error-times-12-annualized version of new home sales in June was 482,000. Wall Street analysts had guessed that the number would be 550,000. The Wall Street Journal went into apoplectic excuse-making mode, almost foaming at the mouth to try to find pundits to explain away the bad number. The…
Survey says 548K, Actual was 482K
The new home sales report for June was well below expectations at 482 thousand on a seasonally adjusted annual rate basis (SAAR), and there were also downward revisions to prior months. However sales are still up solidly for 2015 compared...Show More Summary
New new home sales unexpectedly plunged 6.8% to 482,000 annualized units, far below any Bloomberg Consensus Estimate. Volatility is common for new home sales and there's plenty of it the June report where the headline plunged 6.8 percent...Show More Summary
Sales of newly built single-family homes sank in June, rare dull spot amid surging housing market.
Steve Helber/AP By Lucia Mutikani WASHINGTON -- New U.S. single-family home sales fell in June to their lowest level in seven months and May's sales were revised sharply lower, in what appeared to be a minor setback for the housing market...Show More Summary
New home sales unexpectedly declined in June, bucking a trend of recent positive news in the housing sector.
The Census Bureau reports New Home Sales in June were at a seasonally adjusted annual rate (SAAR) of 482 thousand. The previous three months were revised down by a total of 49 thousand (SA)."Sales of new single-family houses in June 2015 were at a seasonally adjusted annual rate of 482,000, according to estimates released jointly today by the U.S. Show More Summary
Despite exuberant existing home sales, new home sales crosses back below the 500k Maginot Line to 482k SAAR - the lowest since Nov 2014. Once again, NARis back to its old tricks. Previous data was revised dramatically lower as June data missed expectations by the most in a year. Show More Summary
Sales of newly-constructed single-family homes dropped 6.8% in June compared to May and were 18.1% higher than the pace in June 2014, the Commerce Department reported Friday. June sales of new single-family homes reached an annual, seasonally-adjusted...Show More Summary
New home sales plunged in June. According to the Census Bureau, sales of newly constructed homes fell 6.8% month-over-month at an annual rate of 482,000, the lowest level since November. Economists had estimated that new home sales grew...Show More Summary
Friday:• At 10:00 AM ET, 10:00 AM: New Home Sales for June from the Census Bureau. The consensus is for an increase in sales to 550 thousand Seasonally Adjusted Annual Rate (SAAR) in June from 546 thousand in May.A few excerpts fromShow More Summary
This time next month, we will probably be reporting that July home sales followed the strong momentum we saw in May and June -- if Auction.com LLC’s Real Estate Nowcast proves true...