More on New Home Sales: The June print beats expectations by 16K, but May is revised lower by...


More on New Home Sales: The June print beats expectations by 16K, but May is revised lower by 17K to 459K. June's 497K rate is 22% higher than a year ago. The supply of homes for sale falls to 3.9 months from 4.6 months in May, 5.8 months a year ago. Homebuilders ETF (XHB -0.7%). (full report)

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Comments (3)
  • Matthew Davis
    , contributor
    Comments (4738) | Send Message
     
    Surprising. Where are all these people getting the money to buy a new home? Are these companies building the homes, buying their own inventory like a stock buyback, and then reporting it as real sales? Or are corporations buying into developments? I don't get it.

     

    There are still tens of thousands of foreclosed homes in this area. Doesn't add up something is not telling the whole truth of the matter.
    24 Jul 2013, 10:14 AM Reply Like
  • bbro
    , contributor
    Comments (11216) | Send Message
     
    Number of completed new homes for sale....36,000..an all time record low....
    24 Jul 2013, 10:30 AM Reply Like
  • mickmars
    , contributor
    Comments (1312) | Send Message
     
    Median New Home Sales Price. Think mortgage rates don't matter?

     

    2013-06: $249,700
    2013-05: $262,800
    2013-04: $282,100

     

    Everybody needs a sub-4% 30 yr mortgage rate. No tapering.
    24 Jul 2013, 11:14 AM Reply Like
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