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Census Bureau

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 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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New Home Sales Level Off With Rates Near Record Lows

New home sales have leveled off now that mortgage interest rates stagnating at record lows. It would appear the massive stimulus from the Fed which began in March of this year has run its course. The big question is what comes next. The Census Bureau reported new residential home sales for October at a seasonally adjusted annual rate of 999,000 units. This was better than expected and previous months were revised upward as well. Compared to October of last year, new home sales rose 41 percent. Median and average prices of new homes sold (contracted) [...]

By |2020-11-28T12:50:40+00:00November 28th, 2020|Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton County Relocation, DFW Home Prices, DFW New Homes, DFW Real Estate, DFW Relocation, Economy, Housing Policy, Mortgage Rates, New Home Sales|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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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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Denton County New Homes See Sales Boost With Covid Recovery

Denton County new homes experienced a dramatic Covid-19 sales recovery last month. While closings of new construction were down 7 percent during the month, pending sales of new construction in Denton County skyrocketed 42 percent. This should translate to higher sales figures in the coming months. Sales of new homes in the Dallas-Fort Worth area were down 10 percent last month following the lockdowns and economic fallout surrounding the coronavirus, but pending sales spiked 43 percent in North Texas as buyers took advantage of record low interest rates and a rebound in many parts of [...]

By |2020-06-23T17:31:32+00:00June 23rd, 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, Housing Market, Mortgage Rates, New Home Sales|0 Comments
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DFW New Home Buyers Getting Squeezed By Fed Asset Inflation

New home buyers in the DFW housing market are getting squeezed. Despite the continued trend of lower overall new home prices, the price buyers are paying on a square foot basis continues to shoot higher. This is particularly the case if you look at the median new home buyer in the Dallas-Fort Worth market. The median price of a new home in the DFW area fell by 3.2 percent in April while the average price of a new home was 4.4 percent lower compared to April 2019. Even with record low mortgage interest rates, Dallas-Fort [...]

By |2020-05-28T10:33:55+00:00May 26th, 2020|Texas Real Estate|0 Comments
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U.S. New Home Sales Fall 9.5% To 627,000 SAAR

The Census Bureau reported new home sales (contracts) for March at a seasonally adjusted annual rate (SAAR) of 627,000. That was 15.4 percent below the revised February rate and down 9.5% from the same time a year ago. As a reminder, the Census counts a new home sale at the time of contract signing, not the actual closing. In the context of the Covid-19 pandemic we actually have a more relevant, forward-looking indicator of new home sales activity, similar to the pending sales metric we would use in the MLS. The median new home sales [...]

By |2020-04-24T11:21:15+00:00April 24th, 2020|Denton County New Homes, Denton County Real Estate, Denton Tx New Homes, Denton TX Real Estate, DFW New Homes, DFW Real Estate, DFW Relocation, Economy, Housing Market, Markets, Mortgages, New Home Sales, Texas Real Estate|0 Comments
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January New Home Sales Highest Since 2007 At 764,000 SAAR

The Census Bureau reported new home sales for January at a seasonally adjusted annual rate (SAAR) of 764,000. This is the highest level for new home sales since the summer of 2007. The January print for new home sales is also an increase of 18.6 percent from the same time a year ago. The strong January numbers for new home sales should not be surprising. Declining mortgage rates and major stimulus from the Fed continue to stoke asset inflation in the housing market. I recently detailed how home prices in Denton Texas just hit a [...]

By |2020-02-26T16:30:45+00:00February 26th, 2020|Denton County New Homes, Denton County Real Estate, Denton Tx New Homes, Denton TX Real Estate, DFW New Homes, DFW Real Estate, Housing Market, Mortgage Rates, New Home Sales, Real Estate|0 Comments
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New Home Sales For December Post At 694,000 SAAR

The Census Bureau reported new home sales for December at a seasonally adjusted annual rate (SAAR) of 694,000. This was slightly lower than downwardly-revised November figures, but up 23 percent compared to December 2018 when the markets were sliding off a cliff. The median price of a new house sold in December 2019 was $331,400 while the average sales price was $384,500. Both figures represent slight price increases from last year and noticeable jumps from prices in November. The supply of new homes for sale stood at 5.7 months. Despite the downward revisions to previous [...]

By |2020-01-28T20:39:45+00:00January 27th, 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, DFW Relocation, Housing Market, Markets, Mortgage Rates, New Home Sales|0 Comments
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