Uh-oh: High-risk home loans are on the rise again

Now that these buyers have relatively easy access to credit (albeit at a high risk), they’re snapping up homes at the lowest price tier and driving up home prices.

New-Home Sales Still Weighed Down

July new-home sales were still weighed down, dropping 1.7 percent to 627,000, according to the Commerce Department. Inventory in July was 309,000, representing 5.9-months’ supply, and the median price was $328,700. “Although this month marks the lowest sales pace since last October, we continue to see solid housing demand due to economic strengthening and positive […]

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New home sales slump 5.3%, but inventory is up

The sale of new single-family homes declined by 5.3 percent from May to June, according to the latest data released from the Census Bureau and HUD.

New home sales climb 6.7% after last month’s drop

New home sales climbed 6.7 percent month-over-month to a seasonally adjusted total of 689,000 in May.

Higher lumber costs have boosted new home prices by $9,000

While rising mortgage rates and historically low inventory levels are often to blame for rising single-family home prices, there’s another culprit: lumber. 

New-Home Sales Take Off

March new-home sales took off, up 4 percent to 694,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). The average new-home sales price was $369,900, while the median was $337,200. New-home listing inventory was 301,000—5.2-months supply. “The March new-home sales report is consistent with our solid builder confidence […]

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New home sales up 4 percent in March, reversing recent declines

New home sales are finally on an upward path, after three months of month-over-month declines. According to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD)…

New home sales up 4% in March, reversing recent declines

New home sales are finally on an upward path, after three months of month-over-month declines. According to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD)…

February New-Home Sales Slog

New-home sales again slogged in February, with sales of new, single-family homes down 0.6 percent to 618,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). The average new-home sales price was $376,700, while the median was $326,800. New-home listing inventory was 305,000—5.9-months supply. “New-home sales are at a […]

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Are new-home sales really dropping? Check the margin of error, says research firm

John Burns Real Estate Consulting director of research Rick Palacios Jr. says even though he saw plenty of industry professionals sharing the report and expressing concerns about the decline in new-home sales in both January and December, now is actually not the time to worry. In fact, he says new-home sales are on the rise, at least according to the firm’s own research that involves surveying 300 builders every month that account for approximately 17 percent of the nation’s new-home sales …