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Denton Tx New Homes

New Home Sales Rise in March with Continued Fed Stimulus

New home sales continued at a solid pace in March as the Fed poured more stimulus into the markets. The Census Bureau reported new home sales for March at a seasonally adjusted annual rate of 1,021,000. According to Census figures the median price of a new home rose to $330,800. The average price of a new home hit $397,800. The supply of new homes fell to 3.6 months. Stripping out the adjustments, the inventory situation is much worse than that. Inventory under construction is near normal levels, but completed inventory is at record lows. Massive [...]

By |2021-04-25T12:54:04+00:00April 25th, 2021|Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton County Relocation, Denton Tx Home Prices, Denton Tx New Homes, Denton TX Real Estate, DFW Home Prices, DFW New Homes, DFW Real Estate, DFW Relocation, Housing Market, Mortgage Rates, New Home Sales|0 Comments
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New Home Sales Soften With Higher Rates and Prices

New home sales softened in February with higher interest rates and record high prices. It didn't help that many markets in the U.S. are still sitting on record low inventories. The Census Bureau reported new home sales for the month of February at a seasonally adjusted annual rate of 775,000 units. That was well below forecasts, but previous months were revised higher. The median price of a new house sold in February 2021 was $349,400. The average sales price of a new home reached a new record high of $416,000. Combine those high prices and [...]

By |2021-03-24T22:01:55+00:00March 23rd, 2021|Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton County Relocation, Denton Tx New Homes, Denton TX Real Estate, DFW Home Prices, DFW New Homes, DFW Relocation, Mortgage Rates, New Home Sales|0 Comments
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New Home Sales Exceed Expectations With Powell Priming The Pump

The Census Bureau reported new home sales for January at a seasonally adjusted annual rate of 923,000 units. That's a 4.3 percent increase from revised December figures and 19.3 percent higher than January of last year. Previous months were also revised higher. The median price of a new home came in at $346,400. The average price of a new home contracted in January was $408,800. That's a new record high for average new home prices in the U.S....in January. The supply of new homes available for sale dipped to 4.0 months. New home sales in [...]

By |2021-02-25T12:20:15+00:00February 24th, 2021|Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton Tx Home Prices, Denton Tx New Homes, DFW Home Prices, DFW New Homes, DFW Real Estate, Housing Policy, Monetary Policy, Mortgage Rates, New Home Sales|0 Comments
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New Home Sales Rise Slightly, Up 15.2 Percent Year-over-Year

New home sales rose 1.6 percent in December according to Census estimates. The seasonally adjusted annual rate of 842,000 translates into a 15.2 percent increase from December of 2019. The median price of a new home sold in December 2020 was $355,900. The average price was $394,900. The median price of a new U.S. home rose $26,400, or 8 percent in the middle of a global pandemic even as millions of Americans were losing their jobs. If that's not a testament to the power of central bank liquidity, I don't know what is. The inventory [...]

By |2021-01-29T13:30:45+00:00January 28th, 2021|Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton County Relocation, Denton Tx Home Prices, Denton Tx New Homes, Denton TX Real Estate, DFW Home Prices, DFW New Homes, DFW Real Estate, DFW Relocation, Economy, Housing Market, Housing Policy, Markets, Mortgage Rates, New Home Sales|0 Comments
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New Home Sales Revised Lower In November

New home sales were revised lower in November. The Census Bureau reported new home sales at a seasonally adjusted annual rate (SAAR) of 841,000 units last month. New home sales were still up 20.8% compared to last year, but sales dropped 11 percent from the revised October figure of 945,000 units. August and September were also revised lower. Let's dig into the numbers and find out what happened. The median price of a new home in the U.S. stood at $335,300. The average price was $390,100. Months of supply for new homes stood at 4.1 [...]

By |2020-12-24T11:53:24+00:00December 24th, 2020|Denton County Home Prices, Denton County New Homes, Denton Tx New Homes, DFW Home Prices, DFW New Homes, Housing Market, Mortgage Rates, New Home Sales, Spin Cycle|0 Comments
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Home Prices Soar As Denton County Home Inventory Bottoms

Home prices soared again last month as Denton County home inventory appears to have bottomed at record lows. Updated data show 1.3 months of supply in Denton County and just 1.7 months of home supply in the DFW market. With inventory running on fumes, median and average prices in Denton County climbed 9.9 percent and 9.5 percent respectively. North Texas saw home price gains of 12.4 percent and 14.8 percent compared to a year ago as the average price of a DFW home eclipsed $360,000. The reflation trade in the real estate market looks to [...]

By |2020-11-23T12:54:15+00:00November 10th, 2020|Denton County Home Prices, Denton County Homes For Sale, Denton County New Homes, Denton County Real Estate, Denton County Relocation, Denton Tx Home Prices, Denton TX Homes For Sale, Denton Tx New Homes, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW New Homes, DFW Real Estate, DFW Relocation, Housing Market|0 Comments
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New Home Sales in September Lighter Than Expected

New home sales for September came in a little lighter than analysts expected. The Census Bureau reported new home sales for September at a seasonally adjusted annual rate (SAAR) of 959,000. This was down from August numbers which were revised lower. Despite missing expectations, September new home sales were still up 32.1 percent from last year. The summer and fall of 2020 have seen an incredible run for new home construction in the United States. It has been an incredible run considering the economic backdrop. While the median price of a new home rose slightly [...]

By |2020-10-28T11:24:54+00:00October 26th, 2020|Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton Tx Home Prices, Denton Tx New Homes, Denton TX Real Estate, DFW Home Prices, DFW New Homes, DFW Real Estate, Mortgage Rates, New Home Sales|0 Comments
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Inventory Homes in Reserve at Creekside

The Reserve at Creekside has several nice inventory homes for prospective new home buyers. Perry Homes and Rendition Homes each have several completed spec inventory homes which are completely finished and available to view. Prices range from the high $300's to the $500's. Most of the homes feature 4 bedrooms and three and a half bathrooms. There are several single-story options available, and a few homes with a 3-car garage. The Reserve at Creekside is a new community in Denton off of Ryan Road, complete with its own community pool. Perry and Rendition currently have [...]

By |2020-10-08T11:18:19+00:00October 8th, 2020|Denton County Homes For Sale, Denton County New Homes, Denton County Real Estate, Denton County Relocation, Denton Tx Home Prices, Denton TX Homes For Sale, Denton Tx New Homes, Denton TX Real Estate|0 Comments
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New Home Sales Continue Covid Rebound, Up 6.9% Year-over-Year

The Census Bureau reported new home sales for June at a seasonally adjusted annual rate of 776,000. That was a 13.8% jump from May sales and a 6.9% increase compared to June 2019. This was far better than June existing home sales reported by the National Association of Realtors this week which were still down 11.3% compared to the same time a year ago. According to Census estimates for June, median and average new home prices rose to $329,200 and $384,700 respectively. Both figures are sharp increases from May, and even June 2019. The non [...]

By |2020-07-24T17:53:41+00:00July 24th, 2020|Denton County New Homes, Denton County Real Estate, Denton County Relocation, Denton Tx New Homes, Denton TX Real Estate, DFW New Homes, DFW Real Estate, DFW Relocation, Economy, Employment, Mortgage Rates, New Home Sales, Texas Real Estate|0 Comments
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Corona Hangover Coming To The North Texas Housing Market

A corona hangover is coming to the North Texas housing market. It's not a question of if, but when. Texas posted a 3rd consecutive daily record yesterday for Covid-19 fatalities, and the 2nd wave of the coronavirus has put the reopening of the Texas economy on hold. The fall opening of schools and universities is becoming more problematic by the day. Anxiety is a now common theme because there are few good choices available when leaders at the Federal and state level have failed us in so many ways. North Texas home sales rebounded sharply [...]

By |2022-08-06T13:36:48+00:00July 10th, 2020|Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton County Relocation, Denton Tx Home Prices, Denton Tx New Homes, Denton TX Real Estate, DFW Employment, DFW Home Prices, DFW Homes For Sale, DFW New Homes, DFW Real Estate, DFW Relocation, Economy, Employment, Housing Market, Mortgage Rates|2 Comments
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