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New Home Sales Edge Higher in March
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.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
New Home Sales Edge Higher in March
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.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
New Home Sales Edge Higher in March

New single-family home sales edged slightly higher from February to March but remained well above last year’s pace according to the latest housing data released by the Census Bureau.

Monthly sales of new single-family homes increased 1.5 percent in March to a seasonally adjusted rate of 417,000, up from a revised sales rate of 411,000 in February. On an unadjusted basis, new home sales increased 21.2 percent from the previous month.

The seasonally adjusted rate of sales in March was 18.5 percent higher than the estimated sales rate of 352,000 units in March of 2012. Sales were 17.6 percent higher than in March of last year on an unadjusted basis.

The median sales price of the new homes sold in March was $247,000, which was down from a revised $264,900 in February. The average sales price for a new home in March was $279,900, down from a revised $310,000 in February.

Sixty-one percent of the new single-family homes sold in March were under $300,000, down from 68 percent in February.

In March of last year, the median sales price of a new home was 2.9 percent lower at $239,800, while the average sales price was 1.3 percent higher at $283,600.

Two of the four national regions posted increases in seasonally adjusted monthly sales led by a 20.6 percent gain in the Northeast, followed by a gain of 19.4 percent in the South.

The West reported a decline of 20.9 percent while the Midwest posted a decline in sales of 12.1 percent.

Compared to a year ago, all four of the regions showed an improvement with the West posting the largest increase of 37.5 percent followed by the Northeast at 32.3 percent.

The Midwest recorded an increase of 21.4 percent while the South posted a more modest increase of 8.0 percent.

Inventory of new single-family homes increased slightly to a seasonally adjusted 153,000 homes available for sale, which translates into a 4.4 months supply of inventory, unchanged from the previous month.

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

Source:
Census Bureau

Reported by Chris Moore

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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A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
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Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
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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.
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THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

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New single-family home sales edged slightly higher from February to March but remained well above last year’s pace according to the latest housing data released by the Census Bureau.

Monthly sales of new single-family homes increased 1.5 percent in March to a seasonally adjusted rate of 417,000, up from a revised sales rate of 411,000 in February. On an unadjusted basis, new home sales increased 21.2 percent from the previous month.

The seasonally adjusted rate of sales in March was 18.5 percent higher than the estimated sales rate of 352,000 units in March of 2012. Sales were 17.6 percent higher than in March of last year on an unadjusted basis.

The median sales price of the new homes sold in March was $247,000, which was down from a revised $264,900 in February. The average sales price for a new home in March was $279,900, down from a revised $310,000 in February.

Sixty-one percent of the new single-family homes sold in March were under $300,000, down from 68 percent in February.

In March of last year, the median sales price of a new home was 2.9 percent lower at $239,800, while the average sales price was 1.3 percent higher at $283,600.

Two of the four national regions posted increases in seasonally adjusted monthly sales led by a 20.6 percent gain in the Northeast, followed by a gain of 19.4 percent in the South.

The West reported a decline of 20.9 percent while the Midwest posted a decline in sales of 12.1 percent.

Compared to a year ago, all four of the regions showed an improvement with the West posting the largest increase of 37.5 percent followed by the Northeast at 32.3 percent.

The Midwest recorded an increase of 21.4 percent while the South posted a more modest increase of 8.0 percent.

Inventory of new single-family homes increased slightly to a seasonally adjusted 153,000 homes available for sale, which translates into a 4.4 months supply of inventory, unchanged from the previous month.

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

Source:
Census Bureau

Reported by Chris Moore

HOME LOANS CAN BE CONFUSING
YOU'VE GOT QUESTIONS
WE MAKE IT SIMPLE
WE'VE GOT ANSWERS
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

New single-family home sales edged slightly higher from February to March but remained well above last year’s pace according to the latest housing data released by the Census Bureau.

Monthly sales of new single-family homes increased 1.5 percent in March to a seasonally adjusted rate of 417,000, up from a revised sales rate of 411,000 in February. On an unadjusted basis, new home sales increased 21.2 percent from the previous month.

The seasonally adjusted rate of sales in March was 18.5 percent higher than the estimated sales rate of 352,000 units in March of 2012. Sales were 17.6 percent higher than in March of last year on an unadjusted basis.

The median sales price of the new homes sold in March was $247,000, which was down from a revised $264,900 in February. The average sales price for a new home in March was $279,900, down from a revised $310,000 in February.

Sixty-one percent of the new single-family homes sold in March were under $300,000, down from 68 percent in February.

In March of last year, the median sales price of a new home was 2.9 percent lower at $239,800, while the average sales price was 1.3 percent higher at $283,600.

Two of the four national regions posted increases in seasonally adjusted monthly sales led by a 20.6 percent gain in the Northeast, followed by a gain of 19.4 percent in the South.

The West reported a decline of 20.9 percent while the Midwest posted a decline in sales of 12.1 percent.

Compared to a year ago, all four of the regions showed an improvement with the West posting the largest increase of 37.5 percent followed by the Northeast at 32.3 percent.

The Midwest recorded an increase of 21.4 percent while the South posted a more modest increase of 8.0 percent.

Inventory of new single-family homes increased slightly to a seasonally adjusted 153,000 homes available for sale, which translates into a 4.4 months supply of inventory, unchanged from the previous month.

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

Source:
Census Bureau

Reported by Chris Moore

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
WE'VE GOT ANSWERS
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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