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New Residential Sales in March: Abysmal

New Residential Sales in March: In a Word — Abysmal

Blame the weather! Oh wait, Northeast only region to rise. Hmmm.

Face plant. Nose Dive.After the highly touted 5 year high reached in January sales of new single-family houses took a face plant in February and landed even deeper in the mud in March. Sales were at a seasonally adjusted annual rate of 384,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 14.5 percent below the revised February rate of 449,000 and is 13.3 percent below the March 2013 estimate of 443,000.

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  1. Melt Existing-Home Sales Melt in March: Lowest Since July 2012

    Existing-Home Sales Down Again in March. All-Cash Buyers plus Investors purchases equal half of all March sales. Continue reading

  2. 3D Printed Home Village of Concrete Homes 3-D Printed in China

    10 completely 3-D printed houses appear in Shanghai, built under a day. Homes created entirely by massive 3-D printer that fabricates components required for assembly.
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  3. Opinion 47% Say It Will Take Over Three Years For Housing Prices to Recover

    Rasmussen: Nearly half of U.S. adults think housing prices will take more time to recover. Few have high hopes for the stock market either. Continue reading

  4. Plunge Home Sales Plunge Most In 3 Years — 8th Monthly Drop Since June

    Pending home sales for February sees home sales plunge most In 3 Years. 8th straight drop since June. Continue reading

  5. Up Fixed Mortgage Rates Move Up

    Fixed Mortgage Rates Move Up Rates rose as signals from Yellen indicated interest rates would Rise. Freddie Mac released the weekly results of its Primary Mortgage Market Survey® (PMMS®) for the week ending March 27, 2014, showing average fixed mortgage … Continue reading

  6. Sinking Ship New-Home Sales Sink in February

    New-Home Sales fall to lowest level since October; January revised down; Median Home Price falls below year ago levels. Continue reading

  7. Taking a breather. Case Shiller Home Price Index Out of Breath Again

    Case Shiller Home Price Index Declines For Third Month A Row. Concludes the pace of U.S. pricing gains slowing as housing recovery takes a breather.
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  8. Face of socialism. Buying A House? Read This First.

    Tyler Durden Warns that a new ‘progressive’ socialist tax is on the horizon. A new tax threat brandished against current and future homeowners across the world Continue reading

  9. Yellow Boats Signs of Spring

    Signs of Spring. Mosquito Creek Lake, Trumbull County, Ohio. Causeway Boat Rental. Continue reading