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New Single-Family Home Sales Top Last Year’s by Ten Percent
New Single-Family Home Sales Top Last Year’s by Ten Percent
New Single-Family Home Sales Top Last Year’s by Ten Percent
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May 24, 2012 (Chris Moore)

Monthly sales of new single-family homes improved in April, gaining back about half of what they lost the previous month, but a low supply of new homes did nothing to improve prices as they remained flat 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 increased 3.3 percent in April to a seasonally adjusted rate of 343,000, up from a revised rate of 332,000 in March. The seasonally adjusted rate in March was revised upward from 328,000, helping to improve March’s previously reported 7.1 percent decline to a 5.9 percent decline.

The rate of sales in April was 9.9 percent higher than the estimated sales rate of 312,000 units in April of 2011.

The median sales price of the new homes sold in April was $235,700, which was up from a revised $234,000 in March. The average sales price for a new home in April was $282,600, down from a revised $285,800 in March.

Sixty-nine percent of the new single-family homes sold in April were under $300,000, up from 67 percent in March.

In April of last year, the median sales price of a new home was 4.7 percent lower at $224,700, while the average sales price was 4.8 percent lower at $268,900.

Three of the four regions posted increases in seasonally adjusted monthly sales with the Midwest and the West posting large gains of 28.2 and 27.5 percent while the Northeast posted a more moderate increase of 7.7 percent. The South posted the only decline of 10.6 percent.

Compared to a year ago, all four of the regions showed improvement with the Midwest posting the largest increase of 22.0 percent followed by the Northeast at 16.7 percent while the West and the South reported increases of 12.8 percent and 4.7 percent, respectively.

Inventory of new single-family homes remained relatively balanced by historical standards with a seasonally adjusted 146,000 homes available for sale, which translates into a 5.1 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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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.
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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.
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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
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.

May 24, 2012 (Chris Moore)

Monthly sales of new single-family homes improved in April, gaining back about half of what they lost the previous month, but a low supply of new homes did nothing to improve prices as they remained flat 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 increased 3.3 percent in April to a seasonally adjusted rate of 343,000, up from a revised rate of 332,000 in March. The seasonally adjusted rate in March was revised upward from 328,000, helping to improve March’s previously reported 7.1 percent decline to a 5.9 percent decline.

The rate of sales in April was 9.9 percent higher than the estimated sales rate of 312,000 units in April of 2011.

The median sales price of the new homes sold in April was $235,700, which was up from a revised $234,000 in March. The average sales price for a new home in April was $282,600, down from a revised $285,800 in March.

Sixty-nine percent of the new single-family homes sold in April were under $300,000, up from 67 percent in March.

In April of last year, the median sales price of a new home was 4.7 percent lower at $224,700, while the average sales price was 4.8 percent lower at $268,900.

Three of the four regions posted increases in seasonally adjusted monthly sales with the Midwest and the West posting large gains of 28.2 and 27.5 percent while the Northeast posted a more moderate increase of 7.7 percent. The South posted the only decline of 10.6 percent.

Compared to a year ago, all four of the regions showed improvement with the Midwest posting the largest increase of 22.0 percent followed by the Northeast at 16.7 percent while the West and the South reported increases of 12.8 percent and 4.7 percent, respectively.

Inventory of new single-family homes remained relatively balanced by historical standards with a seasonally adjusted 146,000 homes available for sale, which translates into a 5.1 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

May 24, 2012 (Chris Moore)

Monthly sales of new single-family homes improved in April, gaining back about half of what they lost the previous month, but a low supply of new homes did nothing to improve prices as they remained flat 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 increased 3.3 percent in April to a seasonally adjusted rate of 343,000, up from a revised rate of 332,000 in March. The seasonally adjusted rate in March was revised upward from 328,000, helping to improve March’s previously reported 7.1 percent decline to a 5.9 percent decline.

The rate of sales in April was 9.9 percent higher than the estimated sales rate of 312,000 units in April of 2011.

The median sales price of the new homes sold in April was $235,700, which was up from a revised $234,000 in March. The average sales price for a new home in April was $282,600, down from a revised $285,800 in March.

Sixty-nine percent of the new single-family homes sold in April were under $300,000, up from 67 percent in March.

In April of last year, the median sales price of a new home was 4.7 percent lower at $224,700, while the average sales price was 4.8 percent lower at $268,900.

Three of the four regions posted increases in seasonally adjusted monthly sales with the Midwest and the West posting large gains of 28.2 and 27.5 percent while the Northeast posted a more moderate increase of 7.7 percent. The South posted the only decline of 10.6 percent.

Compared to a year ago, all four of the regions showed improvement with the Midwest posting the largest increase of 22.0 percent followed by the Northeast at 16.7 percent while the West and the South reported increases of 12.8 percent and 4.7 percent, respectively.

Inventory of new single-family homes remained relatively balanced by historical standards with a seasonally adjusted 146,000 homes available for sale, which translates into a 5.1 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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