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Dallas Tx Home Prices Distorted By Fed Liquidity

Dallas Tx home prices continued to pusher higher this summer, but there is more to the story that you are not being told. Global central banks continue to levitate markets higher in a frenzied attempt to delay price discovery and push inflation higher.  A recent report shows $1.96 trillion in asset purchases by central banks in 2017. Since the collapse of Lehman Brothers nearly a decade ago, central bank balance sheets have swelled to over $15 trillion. Fed chair Janet Yellen continues to bark about a 2 percent inflation target that remains elusive, even while the [...]

By |2021-04-21T11:21:52+00:00September 9th, 2017|Dallas Tx Home Prices, Denton County Home Prices, Denton Tx Home Prices, Development, Economy, Texas Real Estate|0 Comments
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New Home Sales Fall 9 Percent In July

New home sales fell to a seasonally adjusted annual rate of 571,000 units in July. This was well below consensus estimates and roughly 9 percent lower than last years rate of 627,000 units according to Census Bureau numbers. The median price of a new home contracted in July was $313,700 and the average price of a new home in July was $371,200. Sharp price increases compared to last year help to explain the sharp decrease in new home sales activity in July. On a positive note, the three previous months of sales were revised higher. [...]

By |2017-10-28T12:34:55+00:00August 24th, 2017|Dallas Tx Home Prices, Development, Housing Market, Mortgage Rates, New Home Sales, Real Estate|0 Comments
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New Home Sales Rise 9.1 Percent In June

The Census Bureau estimated new home sales for June at a seasonally adjusted annual rate of 610,000. This was close to expectations, but the previous three months were revised lower. Median price of a new home contracted in June was estimated at $310,800, roughly $10,800 lower than June of last year. The average price of a new home in June was $379,500. This was $15,200 higher than a year ago. With prices now at or above the previous cycle peak, new home builders will have to be creative to maintain sales volume growth. A favorable [...]

By |2017-10-28T12:44:26+00:00July 27th, 2017|Development, Economy, Mortgage Rates, New Home Sales, Real Estate|0 Comments
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New Home Sales Tumbled In April, Unchanged Year-Over-Year

So much for the Trump bump euphoria. New home sales tumbled in April, posting at a seasonally adjusted annual rate of 569,000. This was 73,000 below the revised March figure and far below analysts expectations. Then again analysts haven't been paying attention to the real economy, so this latest data is not a surprise to anyone who doesn't have their head in the sand. Year-over-year, new home sales for April are back to unchanged according to the latest Census figures. And just like that, the "pent up demand" that pundits have been talking about has [...]

By |2017-12-22T01:42:08+00:00May 23rd, 2017|Development, Mortgage Rates, New Home Sales, Real Estate, Texas Home Prices, Texas Real Estate|0 Comments
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New Home Sales Rise In March, Back To 1971 Levels

The Census Bureau reported that March new home sales posted at a seasonally adjusted annual rate of 621,000 units. This was up 5.8 percent from revised February numbers and the third consecutive month of sales gains for new homes. Combined with the March rise in existing home sales it would appear the first quarter of 2017 has been net positive for home sales despite the backdrop of higher mortgage rates. Preliminary new home sales for March were up 15.6% year-over-year. The average price of a new home contracted in March was $388,200, while the median [...]

By |2017-08-19T10:39:59+00:00April 25th, 2017|Development, Economy, Mortgage Rates, New Home Sales, Real Estate, Texas Real Estate|0 Comments
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New Home Sales Crash Back To Reality Of Higher Rates

The Census Bureau reported December new home sales of 536,000 (seasonally adjusted annual rate). This was a 10 percent drop from the revised November numbers and well shy of expectations. Unadjusted new home sales (38,000) were flat year-over year. The average price of a new home contracted in December 2016 was $384,000 while the median price posted at $322,000, near the highs for 2016. So what happened to the lofty expectations of higher new home sales? In a word it it was an AFFORDABILITY problem. The real estate pundits who were expecting higher mortgage interest [...]

By |2018-09-08T15:51:13+00:00January 26th, 2017|Development, Economy, Housing Market, Mortgage Rates, New Home Sales, Real Estate|0 Comments
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Why Home Builders Can’t Meet Housing Demand

America's home builders are having a difficult time meeting housing demand, or so they say. While access to credit is cited as a factor that is holding back builders, that's only a partial cause of builders' reluctance to put their money where their optimism index mouth is. As NAHB chief economist, Robert Dietz, explains it builders are finding it more difficult and expensive to develop land. Home builders should be thanking the The Federal Reserve for this warped, manipulated landscape, but most builders will likely avoid the discussion. The first rule of fight club is [...]

By |2021-04-21T11:25:23+00:00January 11th, 2017|Development, New Home Sales, Real Estate, Spin Cycle|1 Comment
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New Home Sales Rise In November To 592,000 (SAAR)

New home sales rose to a seasonally adjusted annual rate of 592,000 in November. Census Bureau numbers showed the average price of a new home contracted in November was $359,900, down from the average price of $376,800 seen last year. The median price of $305,400 was also lower than last year's median of $317,000. New home sales have been surprisingly strong for most of the year, posting double-digit increases compared to last year. Census revised previous months sales slightly lower, but all things considered new home sales have been fairly strong prior to the interest [...]

By |2018-09-08T15:52:06+00:00December 23rd, 2016|Denton County New Homes, Denton Tx New Homes, Development, DFW New Homes, Housing Market, Mortgage Rates, New Home Sales, Real Estate, Relocation|0 Comments
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Single-Family Permits Flat In October As Housing Starts Jump

Single-family permits fell flat in October. That's the news from today's Census numbers on October construction starts and permits. The unadjusted single-family permits data show 60,500 new single family permits for October 2016, virtually unchanged from last year's 60,300 print. Headline numbers for housing starts show a huge 23.3 percent YoY increase, and a 21.7 percent increase in single-family starts during October. Not seasonally adjusted, single-family starts rose almost 25 percent year-over-year. It certainly appears we will see more new home sales revisions in the months ahead. If homebuilders actually did put more inventory on [...]

By |2022-08-06T13:31:51+00:00November 17th, 2016|Development, Mortgage Rates, New Home Sales, Real Estate, Spin Cycle|0 Comments
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New Home Sales Decline From Summer Peak, Median Price Lowest Of 2016

The Census Bureau reported a 7.6 percent decline for new home sales compared the election-year surprise we saw for July. Compared to August of last year, new home sales were still 20.6 percent higher than last year. It appears super low mortgage rates continued to provide some lift to the new home market. What did not rise in the latest Census report is the median price of a new home contracted in August. The median price of a new home fell to $284,000, down from $300,200 last year. The average price of a new home [...]

By |2018-09-08T15:54:23+00:00September 26th, 2016|Denton County New Homes, Development, DFW New Homes, Economy, Mortgage Rates, New Home Sales, Real Estate, Spin Cycle|0 Comments
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