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DFW New Homes

October New Home Sales Below Expectations

New home sales came in lighter than expected for October. The previous three months were also revised lower. Census numbers showed October new home sales at a seasonally adjusted annual rate (SAAR) of 745,000 units. Months of supply rose slightly to 6.3, but up 80 percent from last year. If supply is so abundant, why aren't new homes selling like hotcakes? The answer lies in the real unadjusted data. The Census Bureau puts a lot of seasonally adjusted optimism into their figures. Headline Census estimates for new home sales get repeated by major media all [...]

By |2021-11-28T12:20:44+00:00November 27th, 2021|Denton County Home Prices, Denton County Homes For Sale, Denton County New Homes, Denton County Real Estate, Denton County Relocation, DFW New Homes, DFW Real Estate, DFW Relocation, Housing Market, Monetary Policy, Mortgage Rates, New Home Sales|0 Comments
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Median New Home Price Hits Record High $408,800

The median new home price in the United States hit a record high $408,800 in September. Census data for new home sales show the average price just off the record high at $451,700. The survey estimate for new home sales in September came in at a seasonally adjusted annual rate (SAAR) of 800,000 units. This was a 14 percent improvement from August, but still down 17.6 percent from the same time a year ago. North Texas saw a 16 percent decline in new home contracts from the same time a year ago. Closed sales were [...]

By |2021-10-26T21:35:05+00:00October 26th, 2021|Dallas TX Real Estate, 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 New Homes, DFW Real Estate, DFW Relocation, Mortgage Rates, New Home Sales|0 Comments
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North Texas Home Sales Continue To Soften

North Texas home sales continue to soften. September sales data reflect a 9 percent slide in closings in Denton County. The DFW area experienced a 5 percent slide in home sales last month according to NTREIS Trends data. Pending sales in Denton County were flat to just slightly negative last month. The broader Dallas-Fort Worth area saw a 3 percent decline in September sales contracts. With the Federal Reserve expected to announce a taper of their huge asset purchase program ($120 billion per month) things have been a little wobbly in the markets. After marching [...]

By |2021-10-10T16:47:17+00:00October 10th, 2021|Denton County Home Prices, Denton County Homes For Sale, Denton County New Homes, Denton County Real Estate, Denton County Relocation, DFW Home Prices, DFW Homes For Sale, DFW New Homes, DFW Real Estate, DFW Relocation, Economy, Housing Market, Markets, Monetary Policy, Mortgage Rates|0 Comments
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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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