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DFW New Homes

New Home Sales Rise Slightly In August to 740,000 SAAR

New home sales for August posted at a seasonally adjusted annual rate (SAAR) of 740,000 units. That was slightly better than expectations. New home sales were 1.5 percent higher for the month, but still down 24.3 percent from August of last year. The median price of a new home in August was $390,900. The average price checked in at $443,200. Census figures showed 6.1 months of new home inventory. Unadjusted figures show 6.2 months of supply. Anyone shopping for a new home understands those headline figures are complete bullocks. Looking into the composition of new [...]

By |2021-09-24T20:14:55+00:00September 24th, 2021|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, Housing Policy, Monetary Policy, Mortgage Rates, New Home Sales|0 Comments
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New Home Prices Hit Record Highs

The Census Bureau reported new home sales for July at a seasonally adjusted annual rate of 708,000. That was a bit better than official estimates, but still down 27 percent from the same time a year ago. New home prices hit all-time highs in July. The median price of a new home contracted last month rose to $390,500. The average price of new construction hit a new record high of $446,000. The seasonally‐adjusted estimate of new homes for sale at the end of July was 367,000. That figure is a bit misleading because a huge [...]

By |2021-08-24T22:13:02+00:00August 24th, 2021|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 New Homes, Denton TX Real Estate, DFW Home Prices, DFW New Homes, DFW Real Estate, DFW Relocation, New Home Sales|0 Comments
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North Texas Home Sales Taper Before The Fed

North Texas home sales have tapered before the Federal Reserve. The stellar spring selling season is gone, and now we just have the record high prices along with limited inventory. NTREIS stats show that home sales across the Dallas-Fort Worth area declined for the second month in a row in July. Closed sales were down 15 percent, and pending sales were 10 percent lower. After setting records in June, it appears area home prices have also peaked for the time being. Median and average home prices in North Texas slipped last month but were still [...]

By |2021-08-17T10:07:33+00:00August 10th, 2021|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, Monetary Policy, Mortgage Rates|0 Comments
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New Home Sales Decline But Builders Still Cashing In

New home sales posted a sharp decline for the month of June. Don't worry. Builders are still cashing in with healthy profits. The Census Bureau said new home sales (contracts) for June posted at a seasonally adjusted annual rate of 676,000 units. That's 6.6 percent lighter than May and 19.9 percent fewer new home sales than a year ago. According to Census figures, the median price of a new home contracted in June was $361,800. The average price of new construction was $428,700. Even with mortgage interest rates hovering near 3 percent last month that's [...]

By |2021-07-26T17:14:19+00:00July 26th, 2021|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, Mortgage Rates|0 Comments
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Denton County New Home Prices Break Records with Fed’s Inflationary Pump

Denton County new home prices broke new records last month, responding to the Fed's massive $7.92 trillion bubble-blowing balance sheet. While the Federal Reserve continues $120 billion per month in asset purchases ($80 billion in Treasuries and $40 billion in MBS), average new home prices in Denton County hit $477,587. That was a 27.4% jump from the same time a year ago. New home prices have been skyrocketing higher this year as available new home inventory has all but vanished. Closed sales of new construction in Denton County plummeted 30 percent in April. Pending sales [...]

By |2021-05-26T14:49:50+00:00May 25th, 2021|Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton County Relocation, DFW Home Prices, DFW New Homes, DFW Real Estate|0 Comments
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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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Denton County Housing Market Now Dependent On Fed Liquidity

The Denton County housing market is now a dependent of the Fed. Over 3 $trillion in quantitative easing has ramped home prices to record highs while driving inventory to record lows. North Texas housing no longer resembles a normal market. Borrowers can now be in COVID mortgage forbearance for up to 15 months while the Fed is busy blowing another massive asset bubble. The American Enterprise Institute has called out the Federal Reserve for blatantly distorting the housing market, but the Fed is still flooding the system with liquidity. Some FOMC officials are calling for [...]

By |2021-02-11T14:25:50+00:00February 10th, 2021|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 Real Estate, DFW Home Prices, DFW Homes For Sale, DFW New Homes, DFW Real Estate, DFW Relocation, Housing Market, Housing Policy, In the Press, Monetary Policy, Mortgage Rates|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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