Posts Tagged ‘new home sales’Housing Perspective: August New Home SalesMarket imbalances are resolved through two primary mechanisms: Time and price. To be sure, the imbalance in new homes remains, despite a recent uptick in buying activity in real estate markets across the country. And as builders slash prices and time drags on, slowly but surely the backlog of newly constructed homes is being worked [...] Housing Perspective: July New Home SalesOptimism about the housing market is reaching near-unanimous levels. Sales of new homes in July rose 9.6% from the month before, the biggest jump since the height of the housing boom in 2005. According to Bloomberg, inventories of new homes also fell to the lowest level in 16 years. Purchase activity was the strongest in [...] Housing Perspective: June New Home SalesIt’s been a long time since the housing market has set a record that wasn’t something like, “Worst since…,” “Biggest decline since…,” or “….since the Great Depression.” The Commerce Department reported today that sales of new homes leapt in June, up 11% from May. According to Bloomberg, the figure marks the biggest monthly gain since [...] |