Pace of new-home sales suggests steady housing strength

May New Home Sales: Slowly But Steadily, New Home Sales Climb Higher New home sales rose to an annual rate of 689,000 units in May from April’s revised sales rate of 646,000 units. Months supply of inventory stands at 5.2 months; the median new home sale price fell by 3.3 percent on a year-over-year basis.

The PHLX housing index .HGX hit a one-month high on the new home sales data, with shares in the nation’s largest homebuilder, D.R. Horton Inc , increasing 4.3 percent and Lennar Corp jumping 4.7.

This week we fill out the picture of how housing fared in August with new home sales, pending home sales, and mortgage rate data.. indicator of home sales. Weakness or strength here tends to be.

which we believe will turn out to have been the strongest pace of the current expansion.. of rate hikes this year will help to stabilize home sales.. Incoming data suggest that business investment growth this quarter will remain. Total residential investment, which includes new construction and home.

Purchases of new homes fell in June to the slowest pace in eight months, while the median selling price declined to the lowest in more than a year.. New-home sales drop to eight-month low as prices fall Published.. That suggests demand remains steady at lower price points amid a strong job.

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 · This telling chart above from First Tuesday, shows us how much potential is still in this housing market. Home sales were phenomenal in 2004/2005, and total home sales in US (green line) reached near 77,000 homes in June of 2004.

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. reports indicate some softness in new and existing home sales. We are not concerned about the speed or strength of the housing recovery at this. between annual new home sales (single-family permits and starts), household. The Constant Quality (Laspeyres) Price Index1 of new single-family houses.

New-home sales decline in January to three-month low  · January new home sales declined 4.1% YoY and the downward trend continues. The median prices of one family houses declined once again as one family houses for sales increased. The new home sales figures are disturbing given the decline in.

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