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New Home Sales Fall for a Second Month
HOW LOANRATEUPDATE WORKS
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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 TAKE IT TO THE NEXT LEVEL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
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New Home Sales Fall for a Second Month
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 Fall for a Second Month

March 23, 2012 (Chris Moore)

Monthly sales of new single-family homes fell for the second consecutive month in February but still remained above last year’s pace while new home prices improved from both the previous month and the previous year according to the latest housing data released by the Census Bureau.

Sales of new single-family homes declined 1.6 percent in February to a seasonally adjusted rate of 313,000, down from a revised rate of 318,000 in January. The seasonally adjusted rate in January was revised downward from 321,000.

The rate of sales in February was 11.4 percent higher than the estimated sales rate of 281,000 units in February of 2011, one of the worse months on record.

The median sales price of the new homes sold in February was $233,700, which was up from a revised $215,700 in January. The average sales price for a new home in February was $267,700, down from a revised $261,900 in January.

Seventy-five percent of the new single-family homes sold in February were under $300,000, up from 74 percent in January.

In February of last year, the median sales price of a new home was 5.8 percent lower at $220,100, while the average sales price was 1.8 percent lower at $262,800.

Two of the four regions posted increases in seasonally adjusted monthly sales with the Northeast and the West posting gains of 14.3 and 8.0 percent, respectively, while the Midwest and the South posted declines of 2.4 and 7.2 percent, respectively.

Compared to a year ago, only the South reported a decline in sales, falling 1.2 percent, while the West, the Midwest and the Northeast recorded sales gains of 32.8, 29.0 and 26.3 percent, respectively.

Inventory of new single-family homes remained relatively balanced by historical standards with a seasonally adjusted 150,000 homes available for sale, which translates into a 5.8 months supply of inventory.

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

Source:
Census Bureau

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March 23, 2012 (Chris Moore)

Monthly sales of new single-family homes fell for the second consecutive month in February but still remained above last year’s pace while new home prices improved from both the previous month and the previous year according to the latest housing data released by the Census Bureau.

Sales of new single-family homes declined 1.6 percent in February to a seasonally adjusted rate of 313,000, down from a revised rate of 318,000 in January. The seasonally adjusted rate in January was revised downward from 321,000.

The rate of sales in February was 11.4 percent higher than the estimated sales rate of 281,000 units in February of 2011, one of the worse months on record.

The median sales price of the new homes sold in February was $233,700, which was up from a revised $215,700 in January. The average sales price for a new home in February was $267,700, down from a revised $261,900 in January.

Seventy-five percent of the new single-family homes sold in February were under $300,000, up from 74 percent in January.

In February of last year, the median sales price of a new home was 5.8 percent lower at $220,100, while the average sales price was 1.8 percent lower at $262,800.

Two of the four regions posted increases in seasonally adjusted monthly sales with the Northeast and the West posting gains of 14.3 and 8.0 percent, respectively, while the Midwest and the South posted declines of 2.4 and 7.2 percent, respectively.

Compared to a year ago, only the South reported a decline in sales, falling 1.2 percent, while the West, the Midwest and the Northeast recorded sales gains of 32.8, 29.0 and 26.3 percent, respectively.

Inventory of new single-family homes remained relatively balanced by historical standards with a seasonally adjusted 150,000 homes available for sale, which translates into a 5.8 months supply of inventory.

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

Source:
Census Bureau

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.
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.
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 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.
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
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 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

March 23, 2012 (Chris Moore)

Monthly sales of new single-family homes fell for the second consecutive month in February but still remained above last year’s pace while new home prices improved from both the previous month and the previous year according to the latest housing data released by the Census Bureau.

Sales of new single-family homes declined 1.6 percent in February to a seasonally adjusted rate of 313,000, down from a revised rate of 318,000 in January. The seasonally adjusted rate in January was revised downward from 321,000.

The rate of sales in February was 11.4 percent higher than the estimated sales rate of 281,000 units in February of 2011, one of the worse months on record.

The median sales price of the new homes sold in February was $233,700, which was up from a revised $215,700 in January. The average sales price for a new home in February was $267,700, down from a revised $261,900 in January.

Seventy-five percent of the new single-family homes sold in February were under $300,000, up from 74 percent in January.

In February of last year, the median sales price of a new home was 5.8 percent lower at $220,100, while the average sales price was 1.8 percent lower at $262,800.

Two of the four regions posted increases in seasonally adjusted monthly sales with the Northeast and the West posting gains of 14.3 and 8.0 percent, respectively, while the Midwest and the South posted declines of 2.4 and 7.2 percent, respectively.

Compared to a year ago, only the South reported a decline in sales, falling 1.2 percent, while the West, the Midwest and the Northeast recorded sales gains of 32.8, 29.0 and 26.3 percent, respectively.

Inventory of new single-family homes remained relatively balanced by historical standards with a seasonally adjusted 150,000 homes available for sale, which translates into a 5.8 months supply of inventory.

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

Source:
Census Bureau

THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
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.
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.
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 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.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
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 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