Tag Archives: housing sales and prices

New home sales and prices: yet another confirmation of a bottom in sales, while prices continue to decline YoY  – by New Deal democrat The last of the monthly updates for new home construction, new home sales, was reported this morning. And it continued the theme from the other data (permits, starts, existing home sales); namely, the bottom in sales appears to be in, while prices are still declining. First, on sales: new home sales...

Housing sales decline, while price surges continue So I take a little one-day road trip on my vacation and come back to find much weeping and gnashing of teeth and generalized whining about a big decline in new home sales. Well, what exactly were they expecting? The new home sales data is particularly volatile and heavily revised. So, in June, it was volatile, and May was revised substantially downward (blue in the graph below). Prices also...