US Housing Market Update




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ORIGINAL POST

POSTED BY Ed (22 days ago)
Sales of New Houses Plunge, Pile of Unsold Homes Highest since January 2009, Prices Drop from Year Ago

Sales of new single-family houses in September plunged 18% from September a year ago, not-seasonally adjusted, to just 41,000 new single-family houses, according to estimates that the Census Bureau and the Department of Housing and Urban Development jointly reported this morning.

In terms of the seasonally adjusted annual rate of sales, which projects what sales for an entire 12-month period would be based on the sales in September: It plunged 13% from September last year to an annual rate of 553,000 houses. Single-family house sales account for about 10% of total home sales. This data is volatile and is subject to big adjustments, but after a while, the trends are starting to be unignorable:

https://wolfstreet.com/2018/10/24/sales-of-new-houses-plunge-unsold-new-homes-highest-since-january-2009-prices-drop-from-year-ago/

https://wolfstreet.com/wp-content/uploads/2018/10/US-New-Home-sales-2018-10-24.png

COMMENTS

Ed (22 days ago)
https://wolfstreet.com/wp-content/uploads/2018/10/US-New-home-supply-2018-10-24.png

https://wolfstreet.com/wp-content/uploads/2018/10/us-new-home-prices-2018-10-24.png

mlew9 (22 days ago)
Hi Ed, Do you know a US realty agent locally who handles buying US property? Michael


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