Existing-home sales rise 2% in October, NAR reports

Existing-home sales ascended in October for the second straight month and eclipsed June’s cyclical sales peak to become the highest annualized pace in nearly a decade, according to the National Association of Realtors.

2016 housing predictions from Windermere

The development of new single-family homes has been a bit depressed in the last few years, with the lack of interest among millenial buyers being one of the main reasons, according to experts.

New Home Sales Plummet by 8.1 Percent

Sales of newly built, single-family homes dropped 8.1 percent in June, the largest decline since July 2013, the Commerce Department reported Thursday.

Sales of New Homes Rise in April

New single-family home sales crept up again during April, a further sign that the building industry is finally beginning to show signs of life after years of misery and decline.

October Housing Scorecard a Reason for Optimism

An optimistic showing from U.S. housing markets over the last month has been revealed by new data released by the Obama administration. The October Housing Scorecard Report showed that sales of new homes rose to 26,100 in the last month, but while this is more sales than August’s total of 24,700 new home sales, it’s […]

5.7% Rise in New Single-Family Home Sales

After seeing sales of new single family homes decline for four straight months, we finally saw a rebound during September, with new home sales in this category rising by 5.7%, according to the Commerce Department. Associated Press reported that one of the biggest reasons for the jump was that builders finally saw sense and reduced […]

Home Builders Struggling Against The Tide

Figures for new home sales in 2011 are on track to reach a record new low, says the Wall Street Journal. Following a peak in 2005, when 1.3 million units were sold, the annual rate as recorded in July was just 298,000 units. Most home building companies are struggling to compete with the tidal wave of […]

US New Home Sales Struggling to Gain Momentum

Figures just released from the Commerce Department show the housing market is still struggling, as purchases of new homes fell in May by 2.1%, for the first time in three months to 319,000 a year. Builders are facing the problem of nearly 2,000,000 distressed properties, which it is estimated could take three years to sell […]

New Home Sales Decline 12.6% in January

New U.S. home sales fell more than expected in January, a report by the Commerce Department showed on Thursday. January saw only 188,000 new homes available for sale, the lowest number since December 1967.

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