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New Home Sales Edge Higher in March
New Home Sales Edge Higher in March
New Home Sales Edge Higher in March
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New single-family home sales edged slightly higher from February to March but remained well above last year’s pace according to the latest housing data released by the Census Bureau.

Monthly sales of new single-family homes increased 1.5 percent in March to a seasonally adjusted rate of 417,000, up from a revised sales rate of 411,000 in February. On an unadjusted basis, new home sales increased 21.2 percent from the previous month.

The seasonally adjusted rate of sales in March was 18.5 percent higher than the estimated sales rate of 352,000 units in March of 2012. Sales were 17.6 percent higher than in March of last year on an unadjusted basis.

The median sales price of the new homes sold in March was $247,000, which was down from a revised $264,900 in February. The average sales price for a new home in March was $279,900, down from a revised $310,000 in February.

Sixty-one percent of the new single-family homes sold in March were under $300,000, down from 68 percent in February.

In March of last year, the median sales price of a new home was 2.9 percent lower at $239,800, while the average sales price was 1.3 percent higher at $283,600.

Two of the four national regions posted increases in seasonally adjusted monthly sales led by a 20.6 percent gain in the Northeast, followed by a gain of 19.4 percent in the South.

The West reported a decline of 20.9 percent while the Midwest posted a decline in sales of 12.1 percent.

Compared to a year ago, all four of the regions showed an improvement with the West posting the largest increase of 37.5 percent followed by the Northeast at 32.3 percent.

The Midwest recorded an increase of 21.4 percent while the South posted a more modest increase of 8.0 percent.

Inventory of new single-family homes increased slightly to a seasonally adjusted 153,000 homes available for sale, which translates into a 4.4 months supply of inventory, unchanged from the previous month.

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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Determine how much car you can afford before buying
Learn About
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Loan Comparison
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Todays Mortgage
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New single-family home sales edged slightly higher from February to March but remained well above last year’s pace according to the latest housing data released by the Census Bureau.

Monthly sales of new single-family homes increased 1.5 percent in March to a seasonally adjusted rate of 417,000, up from a revised sales rate of 411,000 in February. On an unadjusted basis, new home sales increased 21.2 percent from the previous month.

The seasonally adjusted rate of sales in March was 18.5 percent higher than the estimated sales rate of 352,000 units in March of 2012. Sales were 17.6 percent higher than in March of last year on an unadjusted basis.

The median sales price of the new homes sold in March was $247,000, which was down from a revised $264,900 in February. The average sales price for a new home in March was $279,900, down from a revised $310,000 in February.

Sixty-one percent of the new single-family homes sold in March were under $300,000, down from 68 percent in February.

In March of last year, the median sales price of a new home was 2.9 percent lower at $239,800, while the average sales price was 1.3 percent higher at $283,600.

Two of the four national regions posted increases in seasonally adjusted monthly sales led by a 20.6 percent gain in the Northeast, followed by a gain of 19.4 percent in the South.

The West reported a decline of 20.9 percent while the Midwest posted a decline in sales of 12.1 percent.

Compared to a year ago, all four of the regions showed an improvement with the West posting the largest increase of 37.5 percent followed by the Northeast at 32.3 percent.

The Midwest recorded an increase of 21.4 percent while the South posted a more modest increase of 8.0 percent.

Inventory of new single-family homes increased slightly to a seasonally adjusted 153,000 homes available for sale, which translates into a 4.4 months supply of inventory, unchanged from the previous month.

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 LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
HOW LOANRATENETWORK
LOAN CENTER WORKS
ADVANTAGES OF USING
LOANRATENETWORK
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.
Information You Can Use
Helpful Tools

New single-family home sales edged slightly higher from February to March but remained well above last year’s pace according to the latest housing data released by the Census Bureau.

Monthly sales of new single-family homes increased 1.5 percent in March to a seasonally adjusted rate of 417,000, up from a revised sales rate of 411,000 in February. On an unadjusted basis, new home sales increased 21.2 percent from the previous month.

The seasonally adjusted rate of sales in March was 18.5 percent higher than the estimated sales rate of 352,000 units in March of 2012. Sales were 17.6 percent higher than in March of last year on an unadjusted basis.

The median sales price of the new homes sold in March was $247,000, which was down from a revised $264,900 in February. The average sales price for a new home in March was $279,900, down from a revised $310,000 in February.

Sixty-one percent of the new single-family homes sold in March were under $300,000, down from 68 percent in February.

In March of last year, the median sales price of a new home was 2.9 percent lower at $239,800, while the average sales price was 1.3 percent higher at $283,600.

Two of the four national regions posted increases in seasonally adjusted monthly sales led by a 20.6 percent gain in the Northeast, followed by a gain of 19.4 percent in the South.

The West reported a decline of 20.9 percent while the Midwest posted a decline in sales of 12.1 percent.

Compared to a year ago, all four of the regions showed an improvement with the West posting the largest increase of 37.5 percent followed by the Northeast at 32.3 percent.

The Midwest recorded an increase of 21.4 percent while the South posted a more modest increase of 8.0 percent.

Inventory of new single-family homes increased slightly to a seasonally adjusted 153,000 homes available for sale, which translates into a 4.4 months supply of inventory, unchanged from the previous month.

Tags: Census Bureau, new home sales, single-family homes, median sales price, average sales price

Source:
Census Bureau

Reported by Chris Moore

HOW LOANRATENETWORK
LOAN CENTER 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 LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
LOANRATENETWORK
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.
Information You Can Use

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