Sales of new homes ticked lower in March, unexpectedly.
New Home Sales Slip In February
Sales of new homes fell to the lowest levels in four months last month.
New Home Supply Falls To 5.6 Months
321,000 new homes were sold last month on a seasonally-adjusted, annualized basis. 7 of 10 new homes sold for less than $300,000.
Supply Of New Homes At 6.1 Months Nationwide
According to the Census Bureau, the number of new homes sold in December 2011 slipped 2 percent to 307,000 units on a seasonally-adjusted, annualized basis nationwide.
New Home Sales Approach Bull Market Territory
According to the Census Bureau, the number of new homes sold rose 2 percent in November, taking the metric to a 7-month high.
New Home Supplies Fall To An 18-Month Low
If you plan to buy of new construction in 2012, don’t expect today’s low prices. Like everything in housing of late, the market for newly-built homes appears to be improving.
New Home Inventory Keeps Sinking
Home builders continue to sell homes and work through inventory.
New Home Supplies Remain Flat; Builders Not Over-Extending
Sales of newly-built homes slipped in July, falling 1 percent as compared to June. Home buyers closed on a seasonally-adjusted, annualized 298,000 units, the lowest reading since February.