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New Home Sales Fall In December Making 2011 Worst Year Ever
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 Fall In December Making 2011 Worst Year Ever
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 In December Making 2011 Worst Year Ever

January 26, 2012 (Chris Moore)

Sales of new single-family homes fell in December making 2011 the worst year for new homes sales dating back to 1963 according to the latest housing data released by the Census Bureau.

Monthly sales of new homes declined 2.2 percent in December to a seasonally adjusted rate of 307,000, down from a revised rate of 314,000 in November. The seasonally adjusted rate in November was revised downward from 315,000.

Sales of new single-family homes had increased in the three months prior to December, but it wasn’t enough to make up for the dismal sales before that. Sales had fallen to an all-time low average of 281,000 homes per year in February and were followed by gains in March and April, but then declined throughout the summer months until September.

A total of 302,000 new homes were sold last year, 21,000 less than the 323,000 homes sold in 2010, which had previously been the worst year for new home sales.

The rate of sales in December was 7.3 percent lower than the estimated sales rate of 331,000 units in December of 2010.

The median sales price of the new homes sold in December was $210,300, which was down from a revised $215,700 in November. The average sales price for a new home in December was $266,000, up from a revised $250,300 in November.

Seventy-one percent of the new single-family homes sold in December were under $300,000, down from 77 percent in November.

In December of last year, the median sales price of a new home was 14.7 percent higher at $241,200, while the average sales price was 9.7 percent higher at $291,700.

Two of the four regions posted increases in seasonally adjusted monthly sales with the Northeast and the West posting gains of 46.7 and 9.0 percent, respectively, while the Midwest and the South posted declines of 3.7 and 10.1 percent, respectively.

Compared to a year ago, new home sales in the West and the South declined 29.1 and 4.8 percent, respectively, while in the Northeast, sales remained unchanged. The Midwest was the only region to see a year over-year gain of 36.8 percent.

Inventory of new single-family homes remained relatively balanced by historic standards with a seasonally adjusted 157,000 homes available for sale, which translates into a 6.1 months supply of inventory.

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.
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

January 26, 2012 (Chris Moore)

Sales of new single-family homes fell in December making 2011 the worst year for new homes sales dating back to 1963 according to the latest housing data released by the Census Bureau.

Monthly sales of new homes declined 2.2 percent in December to a seasonally adjusted rate of 307,000, down from a revised rate of 314,000 in November. The seasonally adjusted rate in November was revised downward from 315,000.

Sales of new single-family homes had increased in the three months prior to December, but it wasn’t enough to make up for the dismal sales before that. Sales had fallen to an all-time low average of 281,000 homes per year in February and were followed by gains in March and April, but then declined throughout the summer months until September.

A total of 302,000 new homes were sold last year, 21,000 less than the 323,000 homes sold in 2010, which had previously been the worst year for new home sales.

The rate of sales in December was 7.3 percent lower than the estimated sales rate of 331,000 units in December of 2010.

The median sales price of the new homes sold in December was $210,300, which was down from a revised $215,700 in November. The average sales price for a new home in December was $266,000, up from a revised $250,300 in November.

Seventy-one percent of the new single-family homes sold in December were under $300,000, down from 77 percent in November.

In December of last year, the median sales price of a new home was 14.7 percent higher at $241,200, while the average sales price was 9.7 percent higher at $291,700.

Two of the four regions posted increases in seasonally adjusted monthly sales with the Northeast and the West posting gains of 46.7 and 9.0 percent, respectively, while the Midwest and the South posted declines of 3.7 and 10.1 percent, respectively.

Compared to a year ago, new home sales in the West and the South declined 29.1 and 4.8 percent, respectively, while in the Northeast, sales remained unchanged. The Midwest was the only region to see a year over-year gain of 36.8 percent.

Inventory of new single-family homes remained relatively balanced by historic standards with a seasonally adjusted 157,000 homes available for sale, which translates into a 6.1 months supply of inventory.

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
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

January 26, 2012 (Chris Moore)

Sales of new single-family homes fell in December making 2011 the worst year for new homes sales dating back to 1963 according to the latest housing data released by the Census Bureau.

Monthly sales of new homes declined 2.2 percent in December to a seasonally adjusted rate of 307,000, down from a revised rate of 314,000 in November. The seasonally adjusted rate in November was revised downward from 315,000.

Sales of new single-family homes had increased in the three months prior to December, but it wasn’t enough to make up for the dismal sales before that. Sales had fallen to an all-time low average of 281,000 homes per year in February and were followed by gains in March and April, but then declined throughout the summer months until September.

A total of 302,000 new homes were sold last year, 21,000 less than the 323,000 homes sold in 2010, which had previously been the worst year for new home sales.

The rate of sales in December was 7.3 percent lower than the estimated sales rate of 331,000 units in December of 2010.

The median sales price of the new homes sold in December was $210,300, which was down from a revised $215,700 in November. The average sales price for a new home in December was $266,000, up from a revised $250,300 in November.

Seventy-one percent of the new single-family homes sold in December were under $300,000, down from 77 percent in November.

In December of last year, the median sales price of a new home was 14.7 percent higher at $241,200, while the average sales price was 9.7 percent higher at $291,700.

Two of the four regions posted increases in seasonally adjusted monthly sales with the Northeast and the West posting gains of 46.7 and 9.0 percent, respectively, while the Midwest and the South posted declines of 3.7 and 10.1 percent, respectively.

Compared to a year ago, new home sales in the West and the South declined 29.1 and 4.8 percent, respectively, while in the Northeast, sales remained unchanged. The Midwest was the only region to see a year over-year gain of 36.8 percent.

Inventory of new single-family homes remained relatively balanced by historic standards with a seasonally adjusted 157,000 homes available for sale, which translates into a 6.1 months supply of inventory.

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
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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