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D.C. sees third straight month of growth in home sales

Washington D.C. experienced its third straight month of gains in overall sales and pending sales in the Greater Capital Area Association of Realtors (GCAAR) Q1 report. There was a slight increase with new sellers entering the market, and current active listings sit at 1,307, or just 1.9 months supply...

Chart of the Day: Housing Is Back!

Well, maybe. April saw sales of 619,000 new single-family homes. This is starting to get very close to the average from 1980-2001, before the housing bubble and subsequent crash. At our current rate, we'll exceed the old average by this time next year. Is this good or bad? It's nowhere near bubble territory, so it should be good. Show More Summary

New home sales reached more than eight-year high in April

New U.S. single-family home sales recorded their biggest gain in 24 years in April, touching a more than eight-year high as purchases increased broadly, a sign of growing confidence in the economy’s prospects. READ MORE www.metrointel.com

Pending Home Sales Soar Most Since 2010, Beats By 6 Standard Deviations

On the heels of the 17-sigma beat in new home sales, pending home sales soared 5.1% MoM in April - 6.5 standard deviations above economist estimates of a 0.7% jump. Pending home sales rose for the third consecutive month in April and reached their highest level in over a decade, according to the National Association of Realtors. Show More Summary

Sales of new homes jump! … Right?

In this week's screeching headlines: “Sales of New Homes Reach Eight-Year High, Point to Stronger Economy.” April did have a big month, maybe even a trend-changer, but this is an election year -- a crazy one -- and everything needs a second look...

Dieselgate Hits Home: German Automakers Lose Trust And Market Share

New Audi cars take the train. (Photo: Krisztian Bocsi/Bloomberg) Germany’s automakers are beginning to feel the dieselgate pain where it hurts the most, in sales. “Car buyers disappointed by diesel” headlined Daimler’s hometown paper Stuttgarter Nachrichten yesterday, reporting that customers increasingly forgo the oilburner. Show More Summary

?Rising housing market lifts builders, home goods retailers

Strong data on new home sales pushed the trading of shares of all companies affiliated with the sector into overdrive Tuesday

New Home Prices

As part of the new home sales report, the Census Bureau reported the number of homes sold by price and the average and median prices.From the Census Bureau: "The median sales price of new houses sold in April 2016 was $321,100; the average sales price was $379,800."The following graph shows the median and average new home prices. Show More Summary

Massive Jump in New Home Sales, 17-Sigma Event

New home sales surprised in a massive way this morning, blowing out all estimates to the high side. New home sales came in at 619,000 compared to a Bloomberg Econoday consensus estimate of 523,000 at a seasonally...

U.S. new home sales race to eight-year high, prices surge

``The Commerce Department said on Tuesday new home sales jumped 16.6 percent to a seasonally adjusted annual rate of619,000 units, the highest level since January 2008. The percent increase was the largest since January 1992... With supply tight, the median price for a new home increased 9.7 percent from a year ago to a record $321,100. Show More Summary

?New-home sales jump to highest level in more than 8 years

Commerce Department: New home sales jumped 16.6 percent last month to a seasonally adjusted rate of 619,000

Comments on April New Home Sales

The new home sales report for April was very strong at 619,000 on a seasonally adjusted annual rate basis (SAAR), and combined sales for January, February and March were revised up by 44 thousand SAAR.This was the highest sales rate since January 2008.Sales were up 23.8% year-over-year (YoY) compared to April 2015. Show More Summary

The Austin Home in an Upcoming Ryan Gosling Film is Up for Sale

202 Redbud Trail Austin, Texas The modern masterpiece featured in Terrence Malick new movie Weightless is listed for $5.5 million… Jennifer Ashton Ryan

New Home Sales increased sharply to 619,000 Annual Rate in April

The Census Bureau reports New Home Sales in April were at a seasonally adjusted annual rate (SAAR) of 619 thousand. The previous three months were revised up by a total of 44 thousand (SAAR)."Sales of new single-family houses in April 2016 were at a seasonally adjusted annual rate of 619,000, according to estimates released jointly today by the U.S. Show More Summary

New home sales surge to an 8-year high

New home sales surged 16.6% at a seasonally adjusted annual rate of 619,000 in April, according to the Census Bureau. Economists forecast that sales of new single-family homes rose 2.4% at a seasonally adjusted annual rate of 523,000...Show More Summary

Tuesday: New Home Sales, Richmond Fed Mfg, Q1 2016 Household Debt and Credit Report

Tuesday:• At 10:00 AM ET, New Home Sales for April from the Census Bureau. The consensus is for a increase in sales to 523 thousand Seasonally Adjusted Annual Rate (SAAR) in April from 511 thousand in March.• Also at 10:00 AM, Richmond...Show More Summary

Key Events In The Coming Week

Following last week's lull in global macro, it’s a busy start to the week in which we get the latest deluge of global flash PMIs, while the US economic calendar is loaded with New Home Sales data, Trade Balance, Initial Claims, UMichigan sentiment and the revised US Q1 GDP print on Friday. Show More Summary

Schedule for Week of May 22, 2016

The key economic reports this week are April New Home sales, and the second estimate of Q1 GDP. ----- Monday, May 23rd ----- No economic releases scheduled. ----- Tuesday, May 24th ----- 10:00 AM ET: New Home Sales for April from the Census Bureau. Show More Summary

Tom Cruise Rumor: Actor Moving To Florida After Selling $40M Beverly Hills Mansion?

Rumors now suggest that Tom Cruise is relocating to Florida after the sale of his $40 million Beverly Hills home. As TMZ reported, Cruise sold his mansion to Leon Black, the owner of a private equity firm in New York. The home has 7 bedrooms, 9 bathrooms, a tennis court, large pool, a child’s play... Show More Summary

Home sales dip in SoCal, but median sale price tops out

For just the second time in the past 12 months, the year-over-year total sales didn't increase. In April, new and resale homes in Ventura, Los Angeles, Riverside, San Diego, San Bernardino and Orange counties dropped just 3.2 percent from 22,020 to 21,...

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