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New Home Sales Dip Slightly in October
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It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
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New Home Sales Dip Slightly in October
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
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New Home Sales Dip Slightly in October

December 4, 2012 (Chris Moore)

The shrinking inventory of existing homes continued to be good news for the nation’s new home builders as sales in October held fairly steady from the previous month and remained well above last year’s levels according to the latest housing data released by the Census Bureau.

Sales of new single-family homes fell a modest 0.3 percent in October to a seasonally adjusted rate of 368,000, down from a revised sales rate of 369,000 in September. On an unadjusted basis, new home sales were unchanged from the previous month.

The rate of sales in October was 17.2 percent higher than the estimated sales rate of 314,000 units in October of 2011. Sales were also 16.0 percent higher than in October of last year on an unadjusted basis. Through the end of October, new home sales are 20.5 percent higher than at the same time last year.

The median sales price of the new homes sold in October was $237,700, which was down from a revised $248,000 in September. The average sales price for a new home in October was $278,900, down from a revised $291,400 in September.

Sixty-nine percent of the new single-family homes sold in October were under $300,000, up from 68 percent in September.

In October of last year, the median sales price of a new home was 5.4 percent lower at $224,700, while the average sales price was 7.4 percent lower at $258,300.

Two of the four national regions posted increases in seasonally adjusted monthly sales led by a 62.2 percent gain in the Midwest, followed by a gain of 8.8 percent in the West.

The Northeast reported the largest decline of 32.3 percent while the South posted a decline in sales of 11.6 percent.

Compared to a year ago, all four of the regions showed improvement with the West posting the largest increase of 33.7 percent followed by the Midwest at 17.6 percent. The Northeast recorded a year-over-year increase of 10.5 percent while the South posted an increase of 9.3 percent.

Inventory of new single-family homes increased to a seasonally adjusted 147,000 homes available for sale, which translates into a 4.8 months supply of inventory, up slightly from a revised 4.7 months supply the previous month.

Tags: Census Bureau, new home sales, single-family homes, median sales price, average sales price

Source:
Census Bureau

INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
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Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
HOME SELLING TIPS
If you are thinking of selling your home, chances are you’re caught up in a mass of emotions. Needs change and although you may be looking forward to this new adventure, you'll probably find yourself reluctant to leave your memories behind and face the overwhelming task of selling your home and moving.
SEARCH FOR A HOME
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December 4, 2012 (Chris Moore)

The shrinking inventory of existing homes continued to be good news for the nation’s new home builders as sales in October held fairly steady from the previous month and remained well above last year’s levels according to the latest housing data released by the Census Bureau.

Sales of new single-family homes fell a modest 0.3 percent in October to a seasonally adjusted rate of 368,000, down from a revised sales rate of 369,000 in September. On an unadjusted basis, new home sales were unchanged from the previous month.

The rate of sales in October was 17.2 percent higher than the estimated sales rate of 314,000 units in October of 2011. Sales were also 16.0 percent higher than in October of last year on an unadjusted basis. Through the end of October, new home sales are 20.5 percent higher than at the same time last year.

The median sales price of the new homes sold in October was $237,700, which was down from a revised $248,000 in September. The average sales price for a new home in October was $278,900, down from a revised $291,400 in September.

Sixty-nine percent of the new single-family homes sold in October were under $300,000, up from 68 percent in September.

In October of last year, the median sales price of a new home was 5.4 percent lower at $224,700, while the average sales price was 7.4 percent lower at $258,300.

Two of the four national regions posted increases in seasonally adjusted monthly sales led by a 62.2 percent gain in the Midwest, followed by a gain of 8.8 percent in the West.

The Northeast reported the largest decline of 32.3 percent while the South posted a decline in sales of 11.6 percent.

Compared to a year ago, all four of the regions showed improvement with the West posting the largest increase of 33.7 percent followed by the Midwest at 17.6 percent. The Northeast recorded a year-over-year increase of 10.5 percent while the South posted an increase of 9.3 percent.

Inventory of new single-family homes increased to a seasonally adjusted 147,000 homes available for sale, which translates into a 4.8 months supply of inventory, up slightly from a revised 4.7 months supply the previous month.

Tags: Census Bureau, new home sales, single-family homes, median sales price, average sales price

Source:
Census Bureau

HOME LOANS CAN BE CONFUSING
YOU'VE GOT QUESTIONS
WE MAKE IT SIMPLE
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INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
HOME SELLING TIPS
If you are thinking of selling your home, chances are you’re caught up in a mass of emotions. Needs change and although you may be looking forward to this new adventure, you'll probably find yourself reluctant to leave your memories behind and face the overwhelming task of selling your home and moving.
SEARCH FOR A HOME
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

December 4, 2012 (Chris Moore)

The shrinking inventory of existing homes continued to be good news for the nation’s new home builders as sales in October held fairly steady from the previous month and remained well above last year’s levels according to the latest housing data released by the Census Bureau.

Sales of new single-family homes fell a modest 0.3 percent in October to a seasonally adjusted rate of 368,000, down from a revised sales rate of 369,000 in September. On an unadjusted basis, new home sales were unchanged from the previous month.

The rate of sales in October was 17.2 percent higher than the estimated sales rate of 314,000 units in October of 2011. Sales were also 16.0 percent higher than in October of last year on an unadjusted basis. Through the end of October, new home sales are 20.5 percent higher than at the same time last year.

The median sales price of the new homes sold in October was $237,700, which was down from a revised $248,000 in September. The average sales price for a new home in October was $278,900, down from a revised $291,400 in September.

Sixty-nine percent of the new single-family homes sold in October were under $300,000, up from 68 percent in September.

In October of last year, the median sales price of a new home was 5.4 percent lower at $224,700, while the average sales price was 7.4 percent lower at $258,300.

Two of the four national regions posted increases in seasonally adjusted monthly sales led by a 62.2 percent gain in the Midwest, followed by a gain of 8.8 percent in the West.

The Northeast reported the largest decline of 32.3 percent while the South posted a decline in sales of 11.6 percent.

Compared to a year ago, all four of the regions showed improvement with the West posting the largest increase of 33.7 percent followed by the Midwest at 17.6 percent. The Northeast recorded a year-over-year increase of 10.5 percent while the South posted an increase of 9.3 percent.

Inventory of new single-family homes increased to a seasonally adjusted 147,000 homes available for sale, which translates into a 4.8 months supply of inventory, up slightly from a revised 4.7 months supply the previous month.

Tags: Census Bureau, new home sales, single-family homes, median sales price, average sales price

Source:
Census Bureau

HOME LOANS CAN BE CONFUSING
YOU'VE GOT QUESTIONS
WHAT TYPE OF MORTGAGE LOANS ARE AVAILABLE?
DO I QUALIFY FOR A GOVERNMENT INSURED LOAN?
WHAT CAN I EXPECT FOR A MORTGAGE INTEREST RATE?
WE MAKE IT SIMPLE
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CALCULATE YOUR MORTGAGE PAYMENT
BENEFITS OF REFINANCING YOUR MORTGAGE
ADVANTAGES OF GETTING PRE-APPROVED FOR A LOAN
THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
SEARCH FOR A HOME
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

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