New SFH Sales Increase, Inventory at Record Low
New SFH Sales Increase, Inventory at Record Low
New SFH Sales Increase, Inventory at Record Low
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May 25, 2011 (Jeff Alan)

Sales of new single-family homes increased by 7.3 percent in April, 2011, compared to March, according to the U.S. Census Bureau, but are 23.1 percent below April 2010. The seasonally adjusted estimate of new homes available for sale at the end of April was 175,000, the least amount of new single-family homes for sale since the Census Bureau started keeping track in 1963.

This was the second straight month that new single-family homes sales have increased even following a downward adjustment of March’s sales. Builders sold at a seasonally adjusted rate 323,000 new single-family homes in April compared to the revised amount of 301,000 new single-family homes in March. This was still down from April 2010’s estimated amount of 420,000 homes.

The average sales price for a new home was $268,900, which was up from $250,000 in March and the median sales price for April was $217,900, which was also up from $214,500 in March.

By region, in the Northeast builders sold 28,000 new single-family homes, which was up 7.7 percent from March and down 22.2 percent from April 2010. In the Midwest, 43,000 new single-family homes were sold, which was up 4.9 percent from March and down 21.8 percent from April 2010.

Single-family home sales in the South were at a rate of 168,000, which was up 4.3 percent from March, but down 24.7 percent from April 2010 and the largest gains were experienced in the West as single-family homes sold at a rate of 84,000 homes which was up 15.1 percent from March, but still down 20.8 percent from April 2010. All sales are based on a seasonally adjusted annual rate.

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

Source:
Census Bureau
Census Bureau

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May 25, 2011 (Jeff Alan)

Sales of new single-family homes increased by 7.3 percent in April, 2011, compared to March, according to the U.S. Census Bureau, but are 23.1 percent below April 2010. The seasonally adjusted estimate of new homes available for sale at the end of April was 175,000, the least amount of new single-family homes for sale since the Census Bureau started keeping track in 1963.

This was the second straight month that new single-family homes sales have increased even following a downward adjustment of March’s sales. Builders sold at a seasonally adjusted rate 323,000 new single-family homes in April compared to the revised amount of 301,000 new single-family homes in March. This was still down from April 2010’s estimated amount of 420,000 homes.

The average sales price for a new home was $268,900, which was up from $250,000 in March and the median sales price for April was $217,900, which was also up from $214,500 in March.

By region, in the Northeast builders sold 28,000 new single-family homes, which was up 7.7 percent from March and down 22.2 percent from April 2010. In the Midwest, 43,000 new single-family homes were sold, which was up 4.9 percent from March and down 21.8 percent from April 2010.

Single-family home sales in the South were at a rate of 168,000, which was up 4.3 percent from March, but down 24.7 percent from April 2010 and the largest gains were experienced in the West as single-family homes sold at a rate of 84,000 homes which was up 15.1 percent from March, but still down 20.8 percent from April 2010. All sales are based on a seasonally adjusted annual rate.

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

Source:
Census Bureau
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

May 25, 2011 (Jeff Alan)

Sales of new single-family homes increased by 7.3 percent in April, 2011, compared to March, according to the U.S. Census Bureau, but are 23.1 percent below April 2010. The seasonally adjusted estimate of new homes available for sale at the end of April was 175,000, the least amount of new single-family homes for sale since the Census Bureau started keeping track in 1963.

This was the second straight month that new single-family homes sales have increased even following a downward adjustment of March’s sales. Builders sold at a seasonally adjusted rate 323,000 new single-family homes in April compared to the revised amount of 301,000 new single-family homes in March. This was still down from April 2010’s estimated amount of 420,000 homes.

The average sales price for a new home was $268,900, which was up from $250,000 in March and the median sales price for April was $217,900, which was also up from $214,500 in March.

By region, in the Northeast builders sold 28,000 new single-family homes, which was up 7.7 percent from March and down 22.2 percent from April 2010. In the Midwest, 43,000 new single-family homes were sold, which was up 4.9 percent from March and down 21.8 percent from April 2010.

Single-family home sales in the South were at a rate of 168,000, which was up 4.3 percent from March, but down 24.7 percent from April 2010 and the largest gains were experienced in the West as single-family homes sold at a rate of 84,000 homes which was up 15.1 percent from March, but still down 20.8 percent from April 2010. All sales are based on a seasonally adjusted annual rate.

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

Source:
Census Bureau
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.