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New Single-Family Home Sales Jump in May
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 TAKE IT TO THE NEXT LEVEL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
New Single-Family Home Sales Jump in May
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 Single-Family Home Sales Jump in May

June 26, 2012 (Chris Moore)

Monthly sales of new single-family homes jumped in May led by a surge in sales in the Northeast, while year-to-date, new home sales are over eighteen percent ahead of last years pace according to the latest housing data released by the Census Bureau.

Sales of new single-family homes jumped 7.6 percent in May to a seasonally adjusted rate of 369,000, up from a sales rate of 343,000 in April. On an unadjusted basis, new home sales increased by 6.0 percent from the previous month.

The rate of sales in May was 19.8 percent higher than the estimated sales rate of 308,000 units in May of 2011. Sales were 25.0 percent higher than in May of last year on an unadjusted basis. Through the end of May, new home sales are 18.2 percent higher than at the same time last year.

The median sales price of the new homes sold in May was $234,500, which was down from a revised $236,000 in April. The average sales price for a new home in May was $273,900, down from a revised $283,900 in April.

Seventy percent of the new single-family homes sold in May were under $300,000, up from 69 percent in April.

In May of last year, the median sales price of a new home was 5.6 percent lower at $222,000, while the average sales price was 4.3 percent lower at $262,700.

Two of the four national regions posted increases in seasonally adjusted monthly sales led by a 36.7 percent increase in the Northeast, followed by a 12.7 percent gain in the South.

The Midwest saw prices decline by 10.6 percent while in the West, new home sales fell by 3.5 percent.

Compared to a year ago, all four of the regions showed improvement with the Northeast posting the largest increase of 127.8 percent followed by the South at 16.6 percent while the West and the Midwest reported increases of 10.8 percent and 2.4 percent, respectively.

Inventory of new single-family homes remained on par with the previous four months with a seasonally adjusted 145,000 homes available for sale, which translates into a 4.7 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.
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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.
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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.
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June 26, 2012 (Chris Moore)

Monthly sales of new single-family homes jumped in May led by a surge in sales in the Northeast, while year-to-date, new home sales are over eighteen percent ahead of last years pace according to the latest housing data released by the Census Bureau.

Sales of new single-family homes jumped 7.6 percent in May to a seasonally adjusted rate of 369,000, up from a sales rate of 343,000 in April. On an unadjusted basis, new home sales increased by 6.0 percent from the previous month.

The rate of sales in May was 19.8 percent higher than the estimated sales rate of 308,000 units in May of 2011. Sales were 25.0 percent higher than in May of last year on an unadjusted basis. Through the end of May, new home sales are 18.2 percent higher than at the same time last year.

The median sales price of the new homes sold in May was $234,500, which was down from a revised $236,000 in April. The average sales price for a new home in May was $273,900, down from a revised $283,900 in April.

Seventy percent of the new single-family homes sold in May were under $300,000, up from 69 percent in April.

In May of last year, the median sales price of a new home was 5.6 percent lower at $222,000, while the average sales price was 4.3 percent lower at $262,700.

Two of the four national regions posted increases in seasonally adjusted monthly sales led by a 36.7 percent increase in the Northeast, followed by a 12.7 percent gain in the South.

The Midwest saw prices decline by 10.6 percent while in the West, new home sales fell by 3.5 percent.

Compared to a year ago, all four of the regions showed improvement with the Northeast posting the largest increase of 127.8 percent followed by the South at 16.6 percent while the West and the Midwest reported increases of 10.8 percent and 2.4 percent, respectively.

Inventory of new single-family homes remained on par with the previous four months with a seasonally adjusted 145,000 homes available for sale, which translates into a 4.7 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

June 26, 2012 (Chris Moore)

Monthly sales of new single-family homes jumped in May led by a surge in sales in the Northeast, while year-to-date, new home sales are over eighteen percent ahead of last years pace according to the latest housing data released by the Census Bureau.

Sales of new single-family homes jumped 7.6 percent in May to a seasonally adjusted rate of 369,000, up from a sales rate of 343,000 in April. On an unadjusted basis, new home sales increased by 6.0 percent from the previous month.

The rate of sales in May was 19.8 percent higher than the estimated sales rate of 308,000 units in May of 2011. Sales were 25.0 percent higher than in May of last year on an unadjusted basis. Through the end of May, new home sales are 18.2 percent higher than at the same time last year.

The median sales price of the new homes sold in May was $234,500, which was down from a revised $236,000 in April. The average sales price for a new home in May was $273,900, down from a revised $283,900 in April.

Seventy percent of the new single-family homes sold in May were under $300,000, up from 69 percent in April.

In May of last year, the median sales price of a new home was 5.6 percent lower at $222,000, while the average sales price was 4.3 percent lower at $262,700.

Two of the four national regions posted increases in seasonally adjusted monthly sales led by a 36.7 percent increase in the Northeast, followed by a 12.7 percent gain in the South.

The Midwest saw prices decline by 10.6 percent while in the West, new home sales fell by 3.5 percent.

Compared to a year ago, all four of the regions showed improvement with the Northeast posting the largest increase of 127.8 percent followed by the South at 16.6 percent while the West and the Midwest reported increases of 10.8 percent and 2.4 percent, respectively.

Inventory of new single-family homes remained on par with the previous four months with a seasonally adjusted 145,000 homes available for sale, which translates into a 4.7 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