Seems to me a bit of a slump
in new home sales for now, might just be a silver lining in a very dark cloud.
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NTREIS data showed a 12 percent increase
in new home sales in the DFW area in February, and March sales growth looks to be strong as well.
Stocks advanced on Friday as a sharp
drop in new home sales added to the uncertainty about when the Federal Reserve may begin to reduce its monthly bond purchases.
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«The
moderation in new home sales may be attributable to the interest rate environment, which could be causing short - term market volatility,» said NAHB Senior Economist Michael Neal.
«Some pull
back in new home sales this month is not surprising after strong May and June readings,» said NAHB Chairman Granger MacDonald.
Reflecting the month - to - month
volatility in new home sales numbers, this was the lowest sales total since December 2016 while June's 630,000 figure was the second - highest post-recession reading.
Dennis Walsh, CEO of REbuild USA and a leading industry
trainer in new home sales and agent certification, encourages builders to recognize how younger buyers want to integrate technology into their home.
CSP was designed for
specialists in new home sales to enhance their professional image and increase their marketability in the home building industry.
«This
rise in new home sales is consistent with our builders» reports that market conditions have been improving.
In addition, the recent decline
in new home sales stands in opposition to other trends, including a rise in the NAHB / Wells Fargo Housing Market Index of builder confidence in August.
As a third - generation Washingtonian, she is a partner in her family - owned commercial real estate business, Widmayer Properties and has extensive
experience in new home sales.
This increase also follows May's 3.8 % decline in existing home sales and 2.1 %
decline in new home sales, which were reported last week.
NAHB expects a 19 % increase
in new home sales in 2012 compared to 2011.