{"id":8030,"date":"2015-06-25T11:48:28","date_gmt":"2015-06-25T11:48:28","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=8030"},"modified":"2015-06-25T11:48:28","modified_gmt":"2015-06-25T11:48:28","slug":"new-home-sales-climb-to-7-year-high","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/new-home-sales-climb-to-7-year-high\/","title":{"rendered":"New-Home Sales Climb to 7-Year High"},"content":{"rendered":"

New-Home Sales Climb to 7-Year High<\/h2>\n
\"New-Home<\/a>

New-Home Sales Climb to 7-Year High. Image courtesy of Danilo Rizzuti \/ FreeDigitalPhotos.net<\/p><\/div>\n

New-home sales surged to the highest rate since February 2008, as the new-construction\u00a0market continues to gain ground this year. Sales of newly built single-family homes increased 2.2 percent, reaching a seasonally adjusted annual rate of 546,000 units in May, according to a report from the Commerce Department.<\/p>\n

“Our builders are seeing motivated buyers and the release of pent-up housing demand,” says Tom Woods, chairman of the National Association of Home Builders. “However, builders are facing supply-chain challenges, which is affecting the inventory of new homes.”<\/p>\n

Sales are nearly 20 percent higher than the pace in May\u00a02014.\u00a0New-home inventories remain tight at 206,000, a 4.5-month supply at the current sales pace.\u00a0That’s pushed the average sales price of a new home sold in May to $337,000.<\/p>\n

“This month’s new-home sales report is consistent with other government data and rising builder confidence that indicate a continual recovery of the housing market,” says David Crowe, NAHB\u2019s chief economist.<\/p>\n

Regionally, new-home sales were mixed in May. They rose 87.5 percent month-over-month in the Northeast and had a 13.1 percent boost in the West. However, new-home sales dropped 5.7 percent in the Midwest and 4.3 percent in the South.<\/p>\n

Source: National Association of Home Builders and \u201cNew Home Sales Up 2.2% in May,\u201d Forbes.com (June 23, 2015)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

New-Home Sales Climb to 7-Year High New-home sales surged to the highest rate since February 2008, as the new-construction\u00a0market continues to gain ground this year. Sales of newly built single-family homes increased 2.2 percent, reaching a seasonally adjusted annual rate of 546,000 units in May, according to a report from the Commerce Department. “Our builders … <\/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-8030","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":"\nNew-Home Sales Climb to 7-Year High - 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\/new-home-sales-climb-to-7-year-high\/\" \/>\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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/new-home-sales-climb-to-7-year-high\\\/#article\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/new-home-sales-climb-to-7-year-high\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"New-Home Sales Climb to 7-Year High\",\"datePublished\":\"2015-06-25T11:48:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/new-home-sales-climb-to-7-year-high\\\/\"},\"wordCount\":236,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/new-home-sales-climb-to-7-year-high\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2015\\\/06\\\/ID-10024670.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/new-home-sales-climb-to-7-year-high\\\/\",\"url\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/new-home-sales-climb-to-7-year-high\\\/\",\"name\":\"New-Home Sales Climb to 7-Year High - 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\\\/new-home-sales-climb-to-7-year-high\\\/#primaryimage\"},\"image\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/new-home-sales-climb-to-7-year-high\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2015\\\/06\\\/ID-10024670.jpg\",\"datePublished\":\"2015-06-25T11:48:28+00:00\",\"breadcrumb\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/new-home-sales-climb-to-7-year-high\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/new-home-sales-climb-to-7-year-high\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/new-home-sales-climb-to-7-year-high\\\/#primaryimage\",\"url\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2015\\\/06\\\/ID-10024670.jpg\",\"contentUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2015\\\/06\\\/ID-10024670.jpg\",\"width\":400,\"height\":400,\"caption\":\"New-Home Sales Climb to 7-Year High. 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