new home sales

New Residential Home Sales October 2010

New Residential Home Sales tanked -8.1% from last month, with an annual sale rate of 283,000 new homes. Sales figures of new homes are -28.5% below this time last year. The median sales price also nose dived -14% to a national $194,900. There is now an 8.6 month's supply to sell new homes at the current rate. Below is the new home sales graph since 1980. Looks like a cliff dive, doesn't it?

 

New Residential Home Sales September 2010

New Residential Home Sales increased 6.6% from last month, with an annual rate sale of 307,000 new homes. Last month's new home sales were revised up 1.1%. There is now an 8 month's supply to sell new homes at the current rate. Below is the new home sales graph since 1980. Just seeing how low new home sales are in comparison to the last 30 years is worth a look.

 

Pages