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.
The August 2015 New Residential Single Family Home Sales increased by 5.7%. Sales jumped up by 30,000 annualized units to 552,000 for the month. July was significantly revised upward from 507 thousand to 532 thousand sales. These are levels not seen since February 2008. For the year, new single family home sales are up 21.6% from the year ago 454,000 sales levels.
NAR's existing home sales jumped to yet another record high. Sales were up 2.0% to 5.59 million, a high not seen in over eight years. In February 2007 existing home sales were 5.79 million. Sales are 10.3% higher than a year ago. Existing home sales have been above their year previous amounts for ten months in a row now.
The National Association of Realtors Pending Home Sales declined by -1.8% in June 2015. Pending home sales are still up 8.2% from a year ago and had previously increased for five months in a row. This is the third highest amount of pending home sales for 2015 but sales have increased year over year for ten months now.
The May 2015 S&P Case Shiller home price index shows a seasonally adjusted 4.9% price increase from a year ago for the 20 metropolitan housing markets and a 4.7% yearly price increase in the top 10 housing markets. The year over year change is pretty much the same as April using the seasonally adjusted data.
The June 2015 New Residential Single Family Home Sales plunged -6.8%. Sales dropped from 517,000 to 482,000 for the month. For the year, new single family home sales are up 18.1% from the year ago 408,000 sales levels. The annual increase is equal to the ±18.1% margin of error.
NAR's existing home sales really shot up in June with a 3.2% sales increase to 5.49 million annualized existing home sales. This is an eight and a half year high. In February 2007 existing home sales were 5.79 million. This makes sales 9.6% higher than June of last year. Existing home sales have been above their year previous amounts for six months now.
The April 2015 S&P Case Shiller home price index shows a seasonally adjusted 4.9% 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. Congratulations America, once again homes are not affordable.
The April 2015 New Residential Single Family Home Sales surged 6.8% to 517,000 in annualized sales. For the year, new single family home sales are up 26.1% from the year ago 410,000 sales levels. The annual increase is well above the ±15.4% margin of error. In no uncertain terms people are buying up new homes again.
NAR's existing home sales bounced up slightly for February with a 1.2% sales increase. This is surprising sales increased at all, even with seasonality adjustments, considering America's East was stuck in either a snow bank or an ice cube for the month.. This makes sales 4.7% higher than February of last year. Sales by volume was 4.88 million in February.
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