New Home Sales: November 2011

Today, the U.S. Census Department released its monthly New Residential Home Sales Report for November showing a monthly increase with sales climbing 1.6% since October and 9.8% above the level seen in November of 2010 but remaining at an epically low level of 315K SAAR units.

It's important to recognize that the inventory of new homes has now fallen to a new series low at 158K units, lowest level seen in in at least 47 years while the median number of months for sale going flat at 7.4.

The monthly supply remained declined to 6.0 months while the median selling price declined 2.5% and the average selling price declined 13.77% from the year ago level.

The following chart show the extent of sales decline to date (click for full-larger version).

New Home Sales: October 2011

Today, the U.S. Census Department released its monthly New Residential Home Sales Report for October showing a monthly increase with sales climbing 1.3% since September and increase 8.87% above the level seen in October of 2010 and remaining at an epically low level of 307K SAAR units.

It's important to recognize that the inventory of new homes has now fallen to a new series low at 162K units, lowest level seen in in at least 47 years while the median number of months for sale declined to 7.4.

The monthly supply remained declined to 6.3 months while the median selling price increased 0.04% and the average selling price declined 0.05% from the year ago level.

The following chart show the extent of sales decline to date (click for full-larger version).

New Home Sales: September 2011

Today, the U.S. Census Department released its monthly New Residential Home Sales Report for September showing a monthly increase with sales climbing 5.7% since August but declining 0.9% below the level seen in September of 2010 and remaining at an epically low level of 313K SAAR units.

It's important to recognize that the inventory of new homes has now fallen to a new series low at 163K units, lowest level seen in in at least 47 years while the median number of months for sale declined to 7.9.

The monthly supply remained declined to 6.2 months while the median selling price declined a notable 10.35% and the average selling price declined 9.93% from the year ago level.

The following chart show the extent of sales decline to date (click for full-larger version).

New Home Sales: August 2011

Today, the U.S. Census Department released its monthly New Residential Home Sales Report for August showing a monthly decline with sales falling 2.3% since July but increasing 6.1% from August 2010 and remaining at an epically low level of 295K SAAR units.

It's important to recognize that the inventory of new homes has now fallen to a new series low at 162K units, lowest level seen in in at least 47 years while the median number of months for sale declined to 8.9.

The monthly supply remained flat at 6.6 months while the median selling price declined 7.72% and the average selling price declined 8.48% from the year ago level.

The following chart show the extent of sales decline to date (click for full-larger version).

New Home Sales: July 2011

Today, the U.S. Census Department released its monthly New Residential Home Sales Report for July showing a monthly decline with sales falling 0.7% since June but increasing 6.8% from July 2010 and remaining at an epically low level of 298K SAAR units.



It's important to recognize that the inventory of new homes has now fallen to a new series low at 165K units, lowest level seen in in at least 47 years while the median number of months for sale declined to 9.4.



The monthly supply remained flat at 6.6 months while the median selling price increased 7.15% and the average selling price increased 4.67% from the year ago level.



The following chart show the extent of sales decline to date (click for full-larger version).

New Home Sales: June 2011

Today, the U.S. Census Department released its monthly New Residential Home Sales Report for June showing a monthly decline with sales falling 0.95% since May but increasing 1.63% from June 2010 and remaining at an epically low level of 312K SAAR units.

It's important to recognize that the inventory of new homes has now fallen to a new series low at 164K units, lowest level seen in in at least 47 years while the median number of months for sale increased to 9.9.

The monthly supply declined to 6.3 months while the median selling price increased 7.15% and the average selling price increased 4.79% from the year ago level.

The following chart show the extent of sales decline to date (click for full-larger version).

New Home Sales: May 2011

Today, the U.S. Census Department released its monthly New Residential Home Sales Report for May showing a monthly decline with sales falling 2.15% since April but increasing 13.52% above the level seen a year earlier to a historically low 319K SAAR units.

These results, continue to indicate that the nation's housing markets are firmly entrenched in a double-dip and come fully in-line with the other pitiful housing data-points I have outlined in past months.

It's important to recognize that the inventory of new homes has now fallen to a new series low at 166K units, lowest level seen in in at least 47 years while the median number of months for sale increased to 9.2.

The monthly supply declined to 6.2 months while the median selling price declined 3.43% and the average selling price declined a notable 5.23% from the year ago level.

The following chart show the extent of sales decline to date (click for full-larger version).

New Home Sales: April 2011

Today, the U.S. Census Department released its monthly New Residential Home Sales Report for April showing a monthly increase with sales climbing 7.31% since March but still declining 23.10% below the level seen a year earlier to a historically low 323K SAAR units.

These results, while again strengthening a bit off of February's horrendous level still clearly indicates that the nation's housing markets are firmly entrenched in a double-dip and come fully in-line with the other pitiful housing data-points I have outlined in past weeks.

It's important to recognize that the inventory of new homes has now fallen to a new series low at 175K units, lowest level seen in in at least 47 years while the median number of months for sale remained elevated increasing to 8.8.

The monthly supply declined to 6.5 months while the median selling price increased a notable 4.61% and the average selling price declined 0.59%.

The following chart show the extent of sales decline to date (click for full-larger version).

New Home Sales: March 2011

Today, the U.S. Census Department released its monthly New Residential Home Sales Report for March showing a notable monthly jump with sales increasing 11.11% since February but still declining 21.88% below the level seen a year earlier to 300K SAAR units.

These results, while strengthening a bit off of last months horrendous results still clearly indicate that the nation's housing markets are now firmly entrenched in a double-dip and come fully in-line with the other pitiful housing data-points I have outlined in past weeks.

The monthly supply declined to 7.3 months while the median selling price declined a notable 4.89% and the average selling price declined a notable 6.12%.

The following chart show the extent of sales decline to date (click for full-larger version).

New Home Sales: February 2011

Today, the U.S. Census Department released its monthly New Residential Home Sales Report for February showing a truly dramatic decline of 16.9% in sales nationally since January dropping to the lowest level on record and falling 28.0% below the level seen in February 2010 to just 250K SAAR units.

These results, while being pretty shocking especially considering the delusions of housing recovery that circulated in 2010, clearly indicate that the nation's housing markets are now firmly entrenched in a double-dip and come fully in-line with the other pitiful housing data-points I have outlined in past weeks.

As a result of the slower sales pace, the monthly supply increased to 8.9 months while the median selling price declined a notable 8.92% and the average selling price declined a whopping 13.41%.

The following chart show the extent of sales decline to date (click for full-larger version).