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

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