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New Home Sales Stall in December
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New Home Sales Stall in December
The Easy Way to Shop For a Mortgage Loan
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Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
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Receive Multiple Offers. Save Money.
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New Home Sales Stall in December
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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

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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

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.
HOW
LOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at LoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
LOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

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 Buying Tips
Home Selling Tips
About
Mortgages
HOW
LOANRATEUPDATE
WORKS
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.
ADVANTAGES OF USING
LOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.