New Home Sales

Housing Supply Decreases in August

by Glenn Busch September 26, 2011
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The lasting issue with the housing slump and probably one of the largest factors to its rebound is the supply of homes. As long as there is too much supply, home prices will remain depressed and home construction will be very low. At the current sales rate, the Census Bureau estimates months of supply at 6.6 months.

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Housing Sector Still Slowly Improving

by Glenn Busch June 29, 2011
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The National Association of Realtors (NAR) released their Pending Home Sales Report for the month of May this morning. While not as influential as the other housing reports, the pending home sales release has some good news for the housing sector.

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New Home Sales: No Real Help with Inventory This Month

by Glenn Busch June 23, 2011
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The housing sector’s economic multiplier is larger than any other sector. It is why we pay close attention to home sales and construction. Today we have another piece of information on the health of the housing sector, the U.S. Census Bureau’s May New Residential Sales report.

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