June New Home Sales Climb
home sales
The commerce Department reported today that June New Home Sales climbed 24% from May’s sales. One should realize that May’s sales were were the slowest since 1963! Read more 
Home Sales Fall
home sales
New home sales fell by 32.7% in May. The plunge was worse than the consensus expectation for a drop in new home sales, though short of the most worst forecast.
The year over year plunge in new homes sales was 18%.
Also, reported yesterday, sales of previously occupied homes dipped in May, even though buyers could receive government tax credits. And nearly a third of sales in May were from foreclosures or other distressed properties. The National Association of Realtors said last month’s sales fell 2.2 percent from the previous month to a seasonally adjusted annual rate of 5.66 million.
Clairemont real estate
New Home Sales Down for February
The February new home sales were expected to be up by 1.9%. But, the just released numbers were actually down 2.2%!
This is not a good sign for the housing market.
New Home Sales Rise 5% In The West
new home sales
Yesterday the National Association of Realtors reported that existing home sales for December were off 16.7% month-to-month. If that’s not bad enough, today the Census Bureau said new home sales plunged to a 9-month low in December.
These results are the weakest since March. Indications are that demand remains sluggish despite newly expanded tax incentives to spur sales.
The good news in this report is that new home sales in the west actually rose 5 percent On the other hand, the Midwest saw sales of new homes plummet by 41 percent. In the south, sales were off 7 percent.
San Diego real estate agent
New Home Sales Increase
new home sales
In my prior post (home sales), I noted that existing home sales for October had increased. Now, for new home sales, just a short time ago, the Commerce Department reported sales of new one-family homes rose to a seasonally adjusted annual rate of 430,000, or by 6.2 percent from September’s revised 405,000 rate. Read more
Home Foreclosures To Bounce Higher In 2010
new home sales
In a recent report from the John Burns Real Estate Consulting (Two hundred and sixty-two home building industry executives from public and private companies responding) on new home purchases from January through mid-October 2009 showed:
A. 59% of sales have been dependent upon government financing programs such as FHA & VA. These government programs allow home purchases to be financed at 96.5%-100% loan to value. Read more