new home sales

New-Home Purchases Fall, 2011 Worst Ever for Sales

Fewer people bought new homes in December, making 2011 the worst sales year on record. The Commerce Department said Thursday new-home sales fell last month to a seasonally adjusted annual pace of 307,000. The pace is less than half the 700,000 that economists say must be sold in a healthy economy.

New-Home Sales Up in Nov. But 2011 Figures Dismal

Americans bought slightly more new homes in November, but 2011 will likely end up as the worst year for sales in history. The Commerce Department says new-home sales rose 1.6 percent last month to a seasonally adjusted annual rate of 315,000. That's less than half the 700,000 new homes that economists say should be sold to sustain a healthy housing market.

New-Home Sales Tick Up As Builders Slash Prices

Sales of new homes rose in September after four straight monthly declines, largely because builders cut their prices in the face of depressed demand. Analysts say the modest increase on the back of reduced prices suggests the struggling housing market is years away from a turnaround.

Advice on Juggling Higher Bills, New Business

Cassandra and her husband have seen major life changes in the past few months: A new house in the NYC suburbs, bills that suddenly exceed his salary, and a new business for her. But though her consulting firm is thriving, now she's got a different problem: how to properly take money out of it. DailyFinance drafted an expert to help.

Homebuilders Missing Out on the Economic Recovery

For homebuilders, it hardly feels like an economic recovery. Nearly two years after the recession ended, the pace of construction is less than half the level considered healthy. That weakness is weighing on the economy: Though new homes represent a small portion of overall sales, they have an outsized effect on jobs.

The Tell-Tale Stat: In Housing Market, Inventory Is Key

If you're trying to decide whether it's time to consider buying a house, the best clues can be found in the new and existing home inventory numbers. And despite all the other positive indicators, those figures are still much too high for comfort.

Prospective Homebuyers: Time Is on Your Side

The latest reports on home sales and prices offer a complicated and conflicted picture. But when the data are taken together, one thing is clear: Weighing risk and reward, it's worth waiting a few months to see which way the real estate winds are really blowing.

Housing's Long and Winding Road to Recovery

Home prices are falling again nearly nationwide, but the pace of sales is starting to pick up in recent months. Overall, it seems clear that the worst of the housing debacle has passed. It's just that the U.S. remains on a slow, grinding track back to housing health.

This Week: Major Earnings and Reports Every Day

With corporate earnings season in full swing -- watch for McDonalds, along with Catepillar, Amazon and other -- and with the Fed meeting on interest rates, the GDP estimate and housing numbers coming out -- the week ahead is expected to be quite busy.

New-Home Sales Rise but Remain at Low Levels

Although new home sales rose 5.5% in November to a 290,000-unit annual rate, it%u2019s important for investors to maintain a sense of perspective about the rise. The gain was less than expected, and home sales are still well below the sales level typically seen in a healthy housing market.

Housing 2011: Unsettled, Underwater, Unsold

Housing market watchers got a bit of good news Thursday: Sales agreements for previously occupied homes rose 10.4 % in October. But that was one spark of hope against a backdrop of declining prices, bulging inventories and ongoing legal issues around foreclosures. A real estate recovery in 2011? Don't count on it.

New Housing Starts Plunged 11.7% in October

U.S. housing starts unexpectedly plunged 11.7% in October to a 519,000-unit annual rate, weighed down by a 47.5% decline in apartment and condo construction. But building permits, a leading indicator of future housing construction, did inch 0.5% higher last month. U.S. housing starts unexpectedly plunged 11.7% in October to a 519,000-unit annual rate, weighed down by a 47.5% decline in apartment and condo construction. But building permits, a leading indicator of future housing construction, did inch 0.5% higher last month.

New Home Sales Edge Higher but Remain at Low Levels

U.S. new home sales rose a better-than-expected 6.6% in September, but the rise is hardly cause for celebration. Sales remain near a 47-year low, with the sector showing few signs of generating enough demand to vault sales back to normal levels.

New-Home Sales at Second Lowest Level Since 1963

U.S. new-homes sales were unchanged in August, clocking in at a 288,000-unit annual rate -- the second lowest level since 1963. Overall, new home sales flat-lined this summer after the home buyer tax credit ended, but there was some good news in the numbers from the coasts.

Home Prices Up in June: Is the Market Stabilizing?

Home prices in 20 major U.S. cities rose a better-than-expected 1% in June from May, according to the Case-Shiller index. But the home buyer tax credit probably helped lift June's data, while home sales in July have tumbled.

Not a Single New McMansion Sold in June or July

Not only did new-home sales plunge in July to a record low, the McMansion market saw no activity whatsoever -- for the second month in a row. An economist says the high-end market "is becoming non-existent."

New-Home Sales Plunge to a Record Low in July

New home sales unexpectedly plunged 12.4% to a 276,000-unit annual rate in July, an all-time low. Combined with July's 27.2% plunge in existing-home sales, the picture is one of a U.S. housing sector that's cratering since the federal home buyers tax credit program ended on April 30.

Homebuilder Confidence Falls to a 17-Month Low

The U.S. housing sector took another hit this month as homebuilder sentiment unexpectedly fell to 13 in August from 14 in July. The measure has been drifting lower since the federal homebuyers tax credit expired this spring.

June's Home Sales Jump: Welcome -- but Not Robust

New-home sales leaped in June by 23.6% from May, to a 330,000 annual rate, but that was aided by a downward revision to May's 47-year-low, to a 267,000 annual rate from the previous 300,000. Inventories fell, but there, too, the news is mixed.

New-Home Sales Plunge by Whopping 33%

Sales plunged 33% to a record-low 300,000-unit annual rate, as the end of the homebuyer tax credit discouraged buyers. More broadly, the U.S. now faces a policy choice: Should it continue to rely on housing as an engine of growth?

New-Home Sales Surged 27% in March

The U.S. housing market got a big lift in March, as new-home sales surged to a 411,000-unit annualized pace -- the largest one-month increase since 1963. However, it came against February's 47-year-low in new-home sales, hence the outsize monthly percentage increase.

New-Home Sales Fall to Record Low in February

The winter freeze cooled new home purchases to a 308,000-unit annualized rate. The figures show more troubling signs, and the four-month trend downward can't completely be blamed on the weather.

New-Home Sales Plunge 11% to Record Low

The housing sector began the new year on a decidedly downbeat note, as new home sales unexpectedly plummeted 11% in January. In addition, inventories rose to a 9.1-month supply.

New Home Sales Drop in December, Down 23% in 2009

The housing sector closed out 2009 on a disappointing note, as new home sales unexpectedly fell 7.6% in December to a 342,000 seasonally-adjusted, annual rate, the Commerce Department said, as demand fell as the end of the initial home buyer tax credit approached. Further, in 2009 new home sales declined 23% to an estimated 374,000 -- a record low.