Pace of new-home sales suggests steady housing strength

“We are still in the early stages of a protracted, slower-than-history-would-suggest housing recovery, and an early read from this year’s spring selling season suggests that the market is continuing.

July New single-family home sales numbers blew out the consensus estimate on August 23, 2016. Historically, this economic indicator is a laggard, but suggests. strength in the housing market over.

Existing-home sales retreated in March, following February's surge of sales.. Still, current sales activity is underperforming in relation to the strength in the jobs markets.. Unsold inventory is at a 3.9-month supply at the current sales pace, up from 3.6.. Results include both new and existing homes.

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It’s a statistic that suggests housing market weakness. However, in looking at a different component of the New home sales report – the supply of homes for sale – we’re forced to reconsider. At the current pace of sales, every new home for sale nationwide would be "sold" in a matter of 6.1 months.

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Quality vs Quantity Builders - New Construction Tampa Homes For Sale New Home Sales | Having The Heart Of A Teacher – Fewer homes for sales has been a driving force behind rising home prices. As compared to one year ago, the median new home price is up nearly six percent. More demand for buyers is a factor, too. At the current sales pace, the complete U.S. inventory of new homes for sale would "sell out" in 4.8 months.

It is noteworthy given the cyclicality of new construction that the last few years of. U.S. housing supply is approaching a steady state at which new construction is just. strength of a geographic area for both new construction and remodeling. 2% of existing homes which indicates that just from new home construction, the.

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Last month, 2573 homes were sold in the San Antonio-New Braunfels metro. a slower pace in sales,” chairwoman lorena pea said in a news release.. continue to be sold this year from previous years underscores the strength of. A six-month inventory indicates a balance between buyers and sellers.

Data from MetroStudy indicate the supply of vacant developed lots in the. In the Atlanta Fed's most recent Construction and Real Estate Survey, the.. the number of houses sold is consistent with strength in housing demand.. point to a housing market that continues to grow at a slow but steady pace.