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New Home Sales Stall in December
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 Stall in December
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 Stall in December

New single-family home sales fell for the second consecutive month according to the latest housing data released by the Census Bureau.

Monthly sales of new single-family homes declined 7.0 percent in December to a seasonally adjusted rate of 414,000, down from a revised sales rate of 445,000 transactions in November. On an unadjusted basis, new home sales were down 12.5 percent from the previous month.

The seasonally adjusted rate of sales in December was 4.5 percent higher than the estimated sales rate of 396,000 units in December of 2012. Sales were virtually unchanged from December of last year on an unadjusted basis.

The median sales price of the new homes sold in December was $270,200, which was up from a revised $268,500 in November. The average sales price for a new home in December was $311,400, down from a revised $334,600 in November.

Sixty-two percent of the new single-family homes sold in December were under $300,000, up from 59 percent in November.

In December of last year, the median sales price of a new home was 4.6 percent lower at $258,300, while the average sales price was 3.9 percent lower at $299,200.

Three of the four national regions posted a decline in seasonally adjusted monthly sales led by a 36.4 percent decline in the Midwest followed by an 8.8 percent loss in the West and a 7.3 percent decline in the South.

The Midwest reported the only increase in sales activity, a gain of 17.6 percent.

Compared to a year ago, three of the four regions showed an improvement in sales with the Midwest posting the largest increase of 26.0 percent followed by the West with a 5.1 percent sales gain and the South with an increase of 4.1 percent.

The Northeast was the only region to show a loss in activity with sales tumbling 27.6 percent.

Inventory declined for the third consecutive month with new single-family homes falling to a seasonally adjusted 171,000 properties available for sale, down from 176,000 the previous month, which translates into a 5.0 months supply of inventory.

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
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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 fell for the second consecutive month according to the latest housing data released by the Census Bureau.

Monthly sales of new single-family homes declined 7.0 percent in December to a seasonally adjusted rate of 414,000, down from a revised sales rate of 445,000 transactions in November. On an unadjusted basis, new home sales were down 12.5 percent from the previous month.

The seasonally adjusted rate of sales in December was 4.5 percent higher than the estimated sales rate of 396,000 units in December of 2012. Sales were virtually unchanged from December of last year on an unadjusted basis.

The median sales price of the new homes sold in December was $270,200, which was up from a revised $268,500 in November. The average sales price for a new home in December was $311,400, down from a revised $334,600 in November.

Sixty-two percent of the new single-family homes sold in December were under $300,000, up from 59 percent in November.

In December of last year, the median sales price of a new home was 4.6 percent lower at $258,300, while the average sales price was 3.9 percent lower at $299,200.

Three of the four national regions posted a decline in seasonally adjusted monthly sales led by a 36.4 percent decline in the Midwest followed by an 8.8 percent loss in the West and a 7.3 percent decline in the South.

The Midwest reported the only increase in sales activity, a gain of 17.6 percent.

Compared to a year ago, three of the four regions showed an improvement in sales with the Midwest posting the largest increase of 26.0 percent followed by the West with a 5.1 percent sales gain and the South with an increase of 4.1 percent.

The Northeast was the only region to show a loss in activity with sales tumbling 27.6 percent.

Inventory declined for the third consecutive month with new single-family homes falling to a seasonally adjusted 171,000 properties available for sale, down from 176,000 the previous month, which translates into a 5.0 months supply of inventory.

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 fell for the second consecutive month according to the latest housing data released by the Census Bureau.

Monthly sales of new single-family homes declined 7.0 percent in December to a seasonally adjusted rate of 414,000, down from a revised sales rate of 445,000 transactions in November. On an unadjusted basis, new home sales were down 12.5 percent from the previous month.

The seasonally adjusted rate of sales in December was 4.5 percent higher than the estimated sales rate of 396,000 units in December of 2012. Sales were virtually unchanged from December of last year on an unadjusted basis.

The median sales price of the new homes sold in December was $270,200, which was up from a revised $268,500 in November. The average sales price for a new home in December was $311,400, down from a revised $334,600 in November.

Sixty-two percent of the new single-family homes sold in December were under $300,000, up from 59 percent in November.

In December of last year, the median sales price of a new home was 4.6 percent lower at $258,300, while the average sales price was 3.9 percent lower at $299,200.

Three of the four national regions posted a decline in seasonally adjusted monthly sales led by a 36.4 percent decline in the Midwest followed by an 8.8 percent loss in the West and a 7.3 percent decline in the South.

The Midwest reported the only increase in sales activity, a gain of 17.6 percent.

Compared to a year ago, three of the four regions showed an improvement in sales with the Midwest posting the largest increase of 26.0 percent followed by the West with a 5.1 percent sales gain and the South with an increase of 4.1 percent.

The Northeast was the only region to show a loss in activity with sales tumbling 27.6 percent.

Inventory declined for the third consecutive month with new single-family homes falling to a seasonally adjusted 171,000 properties available for sale, down from 176,000 the previous month, which translates into a 5.0 months supply of inventory.

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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