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New Single-Family Home Sales Jump in May
New Single-Family Home Sales Jump in May
New Single-Family Home Sales Jump in May
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June 26, 2012 (Chris Moore)

Monthly sales of new single-family homes jumped in May led by a surge in sales in the Northeast, while year-to-date, new home sales are over eighteen percent ahead of last years pace according to the latest housing data released by the Census Bureau.

Sales of new single-family homes jumped 7.6 percent in May to a seasonally adjusted rate of 369,000, up from a sales rate of 343,000 in April. On an unadjusted basis, new home sales increased by 6.0 percent from the previous month.

The rate of sales in May was 19.8 percent higher than the estimated sales rate of 308,000 units in May of 2011. Sales were 25.0 percent higher than in May of last year on an unadjusted basis. Through the end of May, new home sales are 18.2 percent higher than at the same time last year.

The median sales price of the new homes sold in May was $234,500, which was down from a revised $236,000 in April. The average sales price for a new home in May was $273,900, down from a revised $283,900 in April.

Seventy percent of the new single-family homes sold in May were under $300,000, up from 69 percent in April.

In May of last year, the median sales price of a new home was 5.6 percent lower at $222,000, while the average sales price was 4.3 percent lower at $262,700.

Two of the four national regions posted increases in seasonally adjusted monthly sales led by a 36.7 percent increase in the Northeast, followed by a 12.7 percent gain in the South.

The Midwest saw prices decline by 10.6 percent while in the West, new home sales fell by 3.5 percent.

Compared to a year ago, all four of the regions showed improvement with the Northeast posting the largest increase of 127.8 percent followed by the South at 16.6 percent while the West and the Midwest reported increases of 10.8 percent and 2.4 percent, respectively.

Inventory of new single-family homes remained on par with the previous four months with a seasonally adjusted 145,000 homes available for sale, which translates into a 4.7 months supply of inventory.

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

Source:
Census Bureau

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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.
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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.
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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.
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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.

June 26, 2012 (Chris Moore)

Monthly sales of new single-family homes jumped in May led by a surge in sales in the Northeast, while year-to-date, new home sales are over eighteen percent ahead of last years pace according to the latest housing data released by the Census Bureau.

Sales of new single-family homes jumped 7.6 percent in May to a seasonally adjusted rate of 369,000, up from a sales rate of 343,000 in April. On an unadjusted basis, new home sales increased by 6.0 percent from the previous month.

The rate of sales in May was 19.8 percent higher than the estimated sales rate of 308,000 units in May of 2011. Sales were 25.0 percent higher than in May of last year on an unadjusted basis. Through the end of May, new home sales are 18.2 percent higher than at the same time last year.

The median sales price of the new homes sold in May was $234,500, which was down from a revised $236,000 in April. The average sales price for a new home in May was $273,900, down from a revised $283,900 in April.

Seventy percent of the new single-family homes sold in May were under $300,000, up from 69 percent in April.

In May of last year, the median sales price of a new home was 5.6 percent lower at $222,000, while the average sales price was 4.3 percent lower at $262,700.

Two of the four national regions posted increases in seasonally adjusted monthly sales led by a 36.7 percent increase in the Northeast, followed by a 12.7 percent gain in the South.

The Midwest saw prices decline by 10.6 percent while in the West, new home sales fell by 3.5 percent.

Compared to a year ago, all four of the regions showed improvement with the Northeast posting the largest increase of 127.8 percent followed by the South at 16.6 percent while the West and the Midwest reported increases of 10.8 percent and 2.4 percent, respectively.

Inventory of new single-family homes remained on par with the previous four months with a seasonally adjusted 145,000 homes available for sale, which translates into a 4.7 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.
Information You Can Use
Helpful Tools

June 26, 2012 (Chris Moore)

Monthly sales of new single-family homes jumped in May led by a surge in sales in the Northeast, while year-to-date, new home sales are over eighteen percent ahead of last years pace according to the latest housing data released by the Census Bureau.

Sales of new single-family homes jumped 7.6 percent in May to a seasonally adjusted rate of 369,000, up from a sales rate of 343,000 in April. On an unadjusted basis, new home sales increased by 6.0 percent from the previous month.

The rate of sales in May was 19.8 percent higher than the estimated sales rate of 308,000 units in May of 2011. Sales were 25.0 percent higher than in May of last year on an unadjusted basis. Through the end of May, new home sales are 18.2 percent higher than at the same time last year.

The median sales price of the new homes sold in May was $234,500, which was down from a revised $236,000 in April. The average sales price for a new home in May was $273,900, down from a revised $283,900 in April.

Seventy percent of the new single-family homes sold in May were under $300,000, up from 69 percent in April.

In May of last year, the median sales price of a new home was 5.6 percent lower at $222,000, while the average sales price was 4.3 percent lower at $262,700.

Two of the four national regions posted increases in seasonally adjusted monthly sales led by a 36.7 percent increase in the Northeast, followed by a 12.7 percent gain in the South.

The Midwest saw prices decline by 10.6 percent while in the West, new home sales fell by 3.5 percent.

Compared to a year ago, all four of the regions showed improvement with the Northeast posting the largest increase of 127.8 percent followed by the South at 16.6 percent while the West and the Midwest reported increases of 10.8 percent and 2.4 percent, respectively.

Inventory of new single-family homes remained on par with the previous four months with a seasonally adjusted 145,000 homes available for sale, which translates into a 4.7 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.
Information You Can Use

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