New Home Sales Fall for a Second Month
New Home Sales Fall for a Second Month
New Home Sales Fall for a Second Month
Helpful
Tools
Mortgage
Calculator

Estimate your monthly payment for a home purchase or refinance
Auto Loan
Calculator

Determine how much car you can afford before buying
Learn About
Mortgage Loans

Learn about mortgage loans to find the one that's right for you
15 Year vs 30 Year
Loan Comparison

Compare payments between a 15 year and 30 year mortgage loan
Today's Mortgage
Rates

See today's current mortgage rates. Shop, compare and save.

March 23, 2012 (Chris Moore)

Monthly sales of new single-family homes fell for the second consecutive month in February but still remained above last year’s pace while new home prices improved from both the previous month and the previous year according to the latest housing data released by the Census Bureau.

Sales of new single-family homes declined 1.6 percent in February to a seasonally adjusted rate of 313,000, down from a revised rate of 318,000 in January. The seasonally adjusted rate in January was revised downward from 321,000.

The rate of sales in February was 11.4 percent higher than the estimated sales rate of 281,000 units in February of 2011, one of the worse months on record.

The median sales price of the new homes sold in February was $233,700, which was up from a revised $215,700 in January. The average sales price for a new home in February was $267,700, down from a revised $261,900 in January.

Seventy-five percent of the new single-family homes sold in February were under $300,000, up from 74 percent in January.

In February of last year, the median sales price of a new home was 5.8 percent lower at $220,100, while the average sales price was 1.8 percent lower at $262,800.

Two of the four regions posted increases in seasonally adjusted monthly sales with the Northeast and the West posting gains of 14.3 and 8.0 percent, respectively, while the Midwest and the South posted declines of 2.4 and 7.2 percent, respectively.

Compared to a year ago, only the South reported a decline in sales, falling 1.2 percent, while the West, the Midwest and the Northeast recorded sales gains of 32.8, 29.0 and 26.3 percent, respectively.

Inventory of new single-family homes remained relatively balanced by historical standards with a seasonally adjusted 150,000 homes available for sale, which translates into a 5.8 months supply of inventory.

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

Source:
Census Bureau

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.
Helpful Tools
Mortgage
Calculator

Estimate your monthly mortgage payment
Auto Loan
Calculator

Determine how much car you can afford before buying
Learn About
Mortgage Loans

Learn about the different types of home loans
15 Year vs 30 Year
Loan Comparison

Compare 15 year and 30 year mortgage loans
Todays Mortgage
Rates

See today's mortgage rates. Shop, compare and save.

March 23, 2012 (Chris Moore)

Monthly sales of new single-family homes fell for the second consecutive month in February but still remained above last year’s pace while new home prices improved from both the previous month and the previous year according to the latest housing data released by the Census Bureau.

Sales of new single-family homes declined 1.6 percent in February to a seasonally adjusted rate of 313,000, down from a revised rate of 318,000 in January. The seasonally adjusted rate in January was revised downward from 321,000.

The rate of sales in February was 11.4 percent higher than the estimated sales rate of 281,000 units in February of 2011, one of the worse months on record.

The median sales price of the new homes sold in February was $233,700, which was up from a revised $215,700 in January. The average sales price for a new home in February was $267,700, down from a revised $261,900 in January.

Seventy-five percent of the new single-family homes sold in February were under $300,000, up from 74 percent in January.

In February of last year, the median sales price of a new home was 5.8 percent lower at $220,100, while the average sales price was 1.8 percent lower at $262,800.

Two of the four regions posted increases in seasonally adjusted monthly sales with the Northeast and the West posting gains of 14.3 and 8.0 percent, respectively, while the Midwest and the South posted declines of 2.4 and 7.2 percent, respectively.

Compared to a year ago, only the South reported a decline in sales, falling 1.2 percent, while the West, the Midwest and the Northeast recorded sales gains of 32.8, 29.0 and 26.3 percent, respectively.

Inventory of new single-family homes remained relatively balanced by historical standards with a seasonally adjusted 150,000 homes available for sale, which translates into a 5.8 months supply of inventory.

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

Source:
Census Bureau

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.
Helpful Tools

March 23, 2012 (Chris Moore)

Monthly sales of new single-family homes fell for the second consecutive month in February but still remained above last year’s pace while new home prices improved from both the previous month and the previous year according to the latest housing data released by the Census Bureau.

Sales of new single-family homes declined 1.6 percent in February to a seasonally adjusted rate of 313,000, down from a revised rate of 318,000 in January. The seasonally adjusted rate in January was revised downward from 321,000.

The rate of sales in February was 11.4 percent higher than the estimated sales rate of 281,000 units in February of 2011, one of the worse months on record.

The median sales price of the new homes sold in February was $233,700, which was up from a revised $215,700 in January. The average sales price for a new home in February was $267,700, down from a revised $261,900 in January.

Seventy-five percent of the new single-family homes sold in February were under $300,000, up from 74 percent in January.

In February of last year, the median sales price of a new home was 5.8 percent lower at $220,100, while the average sales price was 1.8 percent lower at $262,800.

Two of the four regions posted increases in seasonally adjusted monthly sales with the Northeast and the West posting gains of 14.3 and 8.0 percent, respectively, while the Midwest and the South posted declines of 2.4 and 7.2 percent, respectively.

Compared to a year ago, only the South reported a decline in sales, falling 1.2 percent, while the West, the Midwest and the Northeast recorded sales gains of 32.8, 29.0 and 26.3 percent, respectively.

Inventory of new single-family homes remained relatively balanced by historical standards with a seasonally adjusted 150,000 homes available for sale, which translates into a 5.8 months supply of inventory.

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

Source:
Census Bureau

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.