The February 2017 New Residential Single Family Home Sales increased by 6.1%. Monthly sales increased by 34,000 annualized units to 592,000 for the month. Annual sales have increased 12.8%. Sales were 525,000 a year ago.
NAR's February existing home sales dropped 3.7% from January. Sales were 5.48 million, whereas January had 5.69 million annualized sales. Sales are still a soaring 5.4% higher than a year ago. Prices are through the roof and inventories are now absurdly tight.
The December 2016 S&P Case Shiller home price index shows a seasonally adjusted 5.6% price increase from a year ago for the 20 metropolitan housing markets and a 4.9% yearly price increase in the top 10 housing markets. Both Seattle and Portland's annual home price gain exceeded 10%.
The October 2016 S&P Case Shiller home price index shows a seasonally adjusted 5.6% price increase from a year ago for the 20 metropolitan housing markets and a 4.3% yearly price increase in the top 10 housing markets. Last month the annual gain was 5.4%.
The April 2016 New Residential Single Family Home Sales increased by an astounding 16.6% from March. The monthly gain is also unusually outside the ±15.4% margin of error. Monthly sales increased by 88,000 annualized units to 619,000 for the month. This is the highest monthly percentage gain in 24 years and new home sales are now at an eight year high. Sales were 545,000 a year ago.
The February 2016 S&P Case Shiller home price index shows a seasonally adjusted 5.4% price increase from a year ago for the 20 metropolitan housing markets and a 4.6% yearly price increase in the top 10 housing markets. Home prices are still climbing over double the rate of inflation, although this is a slower pace than last month.
The February 2016 New Residential Single Family Home Sales increased by 2.0%. Don't get too excited as the ±18.8% error margin is way larger than the actual monthly gain. Monthly sales increased by 10,000 annualized units to 512,000 for the month. Annual sales have contracted by -6.1%. Sales were 545,000 a year ago. The annual -6.1% sales change has a ±17.9% error margin.
NAR's February existing home sales plunged 7.1% from January's six month record high. Sales were 5.08 million, a far cry from January's 5.47 million annualized sales. In February 2007 existing home sales were 5.79 million. Sales are now 2.2% higher than a year ago. Prices are through the roof and inventories are very tight.
The October 2015 S&P Case Shiller home price index shows a seasonally adjusted 5.6% price increase from a year ago for the 20 metropolitan housing markets and a 5.1% yearly price increase in the top 10 housing markets. Home prices are still climbing over double the rate of inflation.
The September 2015 New Residential Single Family Home Sales plunged by -11.5%. Sales dropped by 61,000 annualized units to 468,000 for the month. August was significantly revised downward from 552 thousand to 529 thousand sales. The plunge took annual growth from 21.6% as reported last month to only 2.0% growth from the 459,000 year ago sales levels.
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