• Home
  • Stock News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
Dividend Stocks Report
No Result
View All Result
Home Stock News

New Home Sales at 745,000 Annual Rate in October

by
November 24, 2021
in Stock News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Related Posts

The ‘Bond King’ warns US consumers are headed down ‘a death spiral’

How to find out your 2024 Social Security COLA increase

Las Vegas August 2023: Visitor Traffic Up 4.0% YoY; Convention Traffic Up Sharply YoY

Thursday: Unemployment Claims, Trade Deficit

by Calculated Risk on 11/24/2021 10:08:00 AM

The Census Bureau reports New Home Sales in October were at a seasonally adjusted annual rate (SAAR) of 745 thousand.

The previous three months were revised down significantly.

Sales of new single-family houses in October 2021 were at a seasonally adjusted annual rate of 745,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban
Development. This is 0.4 percent above the revised September rate of 742,000, but is 23.1 percent below the October 2020 estimate of 969,000.
emphasis added

Click on graph for larger image.

The first graph shows New Home Sales vs. recessions since 1963. The dashed line is the current sales rate.

New home sales are now declining year-over-year since sales soared following the first few months of the pandemic.

The second graph shows New Home Months of Supply.

The months of supply increased in October to 6.3 months from 6.1 months in September.

The all-time record high was 12.1 months of supply in January 2009. The all-time record low was 3.5 months, most recently in October 2020.

This is slightly above the normal range (about 4 to 6 months of supply is normal).

“The seasonally-adjusted estimate of new houses for sale at the end of October was 389,000. This represents a supply of 6.3 months at the current sales rate.”

The last graph shows sales NSA (monthly sales, not seasonally adjusted annual rate).

In October 2021 (red column), 59 thousand new homes were sold (NSA). Last year, 78 thousand homes were sold in October.

The all-time high for October was 105 thousand in 2005, and the all-time low for October was 23 thousand in 2010.

This was well below expectations of 801 thousand SAAR, and sales in the three previous months were revised down significantly. I’ll have more later today.

Next Post

The World’s Largest Bitcoin Fund Is Troubled. Here’s Why.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Popular Posts

Stock News

The ‘Bond King’ warns US consumers are headed down ‘a death spiral’

by
October 5, 2023
0

Read more

The ‘Bond King’ warns US consumers are headed down ‘a death spiral’

How to find out your 2024 Social Security COLA increase

Las Vegas August 2023: Visitor Traffic Up 4.0% YoY; Convention Traffic Up Sharply YoY

Thursday: Unemployment Claims, Trade Deficit

Powerball jackpot just hit $1.2 billion. Here’s what you’d pocket after taxes.

Keystone Pipeline Restarts at Half Capacity of 300,000 Barrels a Day

Load More

All rights reserved by www.dividendstocksreport.net

  • Home
  • Stock News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
  • Home
  • Stock News
  • Privacy Policy
  • Email Whitelisting

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.