Search / 227 posts tagged New-home sales

Building from the Sand Up » By Anthony on Aug 16, 2008 in Real Estate | 0 Comments There are some things you do that you know that you are going to regret. It may be jumping a fence to surprise a friend. It may be going to see your ex after you had sworn to yourself you would never see them again.

As advertised, this is a big week for housing data. Here are the data sets that came out today.  The S&P/Case-Shiller indices indicate that there is some moderation in some areas in the rate of home-price declines. Overall, the 20 city index showed a decline of 15.9% from June 2007 to June 2008 while the 10 city index showed a decline of 17%.

UPDATE: I remain very bearish on housing, especially on prices and existing home sales. ***bumped*** have fun! There is wide disagreement in the comments on how much further New Home Sales will decline. Last year we had a contest on existing home sales (winners here).

Sales of newly built single-family homes rose 2.4 percent to a seasonally adjusted annual rate of 515,000 units in July, the Commerce Department reported today. The report also indicated continuing contraction in the number of new-homes for sale as builders keep a tight rein on inventories to help restore better balance between market supply and demand.

New home sales rise, but miss forecasts Economic news - CNNMoney.com Tue, 08/26/2008 - 09:21 New home sales rose slightly in July after June sales were revised downwards, according to a key government report.

According to the Census Bureau report, New Home Sales in July were at a seasonally adjusted annual rate of 515 thousand. Sales for June were revised down to 503 thousand. Click on graph for larger image in new window. The first graph shows monthly new home sales (NSA - Not Seasonally Adjusted).

If there is one positive that comes from the fallout of the Arizona real estate crisis is better regulation. I am not talking about over-regulation or Government interference. I am speaking of a revised set of laws and practices that will better protect the consumer and public from deceptive sales practices and require higher levels of seller culpability.

Forex News Preview: US New Home Sales for July due out at 10:00 AM EDT Posted by Greg Michalowski on Tue, 08/26/2008 - 8:02am in US New Home Sales Greg Michalowski's blog

The monthly charts from Ticor Title for Washoe County have been delivered (see below).  Nothing really jumps out as noteworthy.  July resales and filed Notices of Default were essentially unchanged from June’s stats.  Technically July’s filed NODs were less than June’s, but only by two (as in 431 NODs

Of all the projects downtown, the Belvedere (Sundowner) is the one I could never wrap my arms around.  What was it supposed to be when it grew up?   Too expensive for UNR student housing.  Too far away from the "inner city" development for the locals or investors.  Really strange unit plans.  High