Mount Olympus Mortgage Company

Icon

The Mortgage Blog of Mount Olympus Mortgage Co.

New Home Sales Slow After Three Months Of Gains

The U.S. Department of Housing and Urban Development and the U.S. Census Bureau’s New Residential Sales report for December shows new home sales slowed after three consecutive months of gains. According to the report, sales of new single-family houses were at a seasonally adjusted annual rate of 307,000 units, which is 2.2 percent below November’s rate of 314,000. The Census Bureau estimates there were 302,000 new homes sold in 2011. December’s median sales price was $210,300; the average price was $266,000. There were 157,000 new homes for sale at the end of the month, which is a 6.1-month supply at the current sales rate. More here.

Category: Housing Market

Tagged: , , , , , , , , , , , , , , , , , , , , , , , ,

Leave a Reply

Click below to view video …

Vimeo
Follow MountOlympusCo on Twitter

Super Tags Widget

Rose New Home Sales Fixed Rate Mortgages Current Sales Job Foreclosures www.momcoblog.com Six Months Pending Home Sales Index Consumer Confidence Department Of Housing And Urban Development Nahb Refinance National Association Of Home Builders Housing Affordability Purchase Index Estimates Association Of Realtors Distressed Sales Homes For Sale Single Family Sales Pace Nar National Association Of Realtors Homes Sale Housing Starts Mount Olympus Scorecard Amp Fannie Mae Foreclosure Market Home Values Housing Market Median Sales Price Pace Improvements Economics Low Mortgage Chief Executive Officer Fourth Quarter Mortgage Rates Housing Development Good Time Mortgage Bankers Association Doug Duncan Composite Index Foreclosure April Irvine Building Permits Decline Freddie Mac Moving Average Signs Respondents Mortgage Activity Participants U S Census Loan Application Year Fixed Rate Mortgages Mba Consumers U S Census Bureau Affordability Economy Department Of Housing New Houses Midwest First Quarter Mortgage Application U S Department Second Quarter Vice President California Jumbo Loans Metropolitan Areas Housing And Urban Development Economic Growth Interest Rate Economists Survey New Single Family Loan Demand Confidence Conforming Loan Census Bureau Existing Home Sales Mortgage Chief Economist 30 Year Fixed Rate Mortgages Buying A Home Declines New Homes Application Volume Mortgage Loan Application Loan Balances Market Index Applications Spike Homebuyer Tax Credit