{"id":5713,"date":"2013-12-04T14:05:16","date_gmt":"2013-12-04T14:05:16","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=5713"},"modified":"2013-12-04T14:05:16","modified_gmt":"2013-12-04T14:05:16","slug":"falling-new-home-sales-spark-worry","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/falling-new-home-sales-spark-worry\/","title":{"rendered":"Falling New-Home Sales Spark Worry"},"content":{"rendered":"

Falling New-Home Sales Spark Worry<\/h2>\n
\"Falling<\/a>

Falling New-Home Sales Spark Worry. Image courtesy of Danilo Rizzuti \/ FreeDigitalPhotos.net<\/p><\/div>\n

Dropping sales volumes in new-home construction has home builders worried about a possibly dismal spring looming in 2014.<\/p>\n

\u201cThere\u2019s some nervousness about the spring selling season,\u201d says Jody Kahn, a senior vice president at John Burns Real Estate Consulting. \u201cThat\u2019s partly because they\u2019re worried [that] the lack of urgency from their prospects will continue.\u201d<\/p>\n

A survey of builders by John Burns Real Estate Consulting showed the second consecutive month in year-over-year declines in sales volumes for new home construction, the first decreases reported since early 2011. In October, sales of new homes fell by 8 percent year-over-year and posted a 6 percent drop in September year-over-year.<\/p>\n

Earlier this year, the new-home market saw a rapid run-up in prices. But now, the percentage of homebuilders who are raising prices is declining, falling to 28 percent in October compared to 32 percent in September. In July, 64 percent of homebuilders had said they were raising prices.<\/p>\n

\u201cOctober was basically a crummy month for a lot of builders,\u201d Kahn says. \u201cTheir frustration is about the government shutdown and how it probably trumped any seasonal [sales] lift that builders were hoping to see. Most did not have very good sales.\u201d<\/p>\n

While new-home purchases tend to drop in the fourth quarter, builders are worried that lawmakers\u2019 indecisiveness over the federal budget and debt, as well as the fragile economy, will hamper the spring selling season early next year.<\/p>\n

Markets where home-price appreciation is outpacing job growth and income gains are the most worrisome, analysts note. Some builders are already responding. For example, The Olson Co., a builder based in Seal Beach, Calif., has shifted the company to building less expensive housing, such as townhomes.<\/p>\n

\u201cI think this [slowdown] is a good wakeup call for the industry,\u201d says Scott Laurie, chief executive of The Olson Co. \u201cYou can\u2019t just raise prices 2 percent a month. That doesn\u2019t work. What works is affordability.\u201d<\/p>\n

Source: \u201cWeak October Sales Have Home Builders Fretting About Spring<\/a>,\u201d The Wall Street Journal (Nov. 22, 2013)<\/em><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Falling New-Home Sales Spark Worry Dropping sales volumes in new-home construction has home builders worried about a possibly dismal spring looming in 2014. \u201cThere\u2019s some nervousness about the spring selling season,\u201d says Jody Kahn, a senior vice president at John Burns Real Estate Consulting. \u201cThat\u2019s partly because they\u2019re worried [that] the lack of urgency from … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-5713","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nFalling New-Home Sales Spark Worry - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/www.anthonydidonato.net\/wordpress\/falling-new-home-sales-spark-worry\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/falling-new-home-sales-spark-worry\\\/#article\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/falling-new-home-sales-spark-worry\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Falling New-Home Sales Spark Worry\",\"datePublished\":\"2013-12-04T14:05:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/falling-new-home-sales-spark-worry\\\/\"},\"wordCount\":358,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/falling-new-home-sales-spark-worry\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2013\\\/12\\\/ID-10024668.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/falling-new-home-sales-spark-worry\\\/\",\"url\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/falling-new-home-sales-spark-worry\\\/\",\"name\":\"Falling New-Home Sales Spark Worry - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/falling-new-home-sales-spark-worry\\\/#primaryimage\"},\"image\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/falling-new-home-sales-spark-worry\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2013\\\/12\\\/ID-10024668.jpg\",\"datePublished\":\"2013-12-04T14:05:16+00:00\",\"breadcrumb\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/falling-new-home-sales-spark-worry\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/falling-new-home-sales-spark-worry\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/falling-new-home-sales-spark-worry\\\/#primaryimage\",\"url\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2013\\\/12\\\/ID-10024668.jpg\",\"contentUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2013\\\/12\\\/ID-10024668.jpg\",\"width\":306,\"height\":400,\"caption\":\"Falling New-Home Sales Spark Worry. 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