Mount Olympus Mortgage Company


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 …

Follow MountOlympusCo on Twitter

Super Tags Widget

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