Exact matches only
Search in title
Search in content
Search in comments
Search in excerpt
Filter by Custom Post Type
Content from
{ "homeurl": "", "resultstype": "vertical", "resultsposition": "hover", "itemscount": 4, "imagewidth": 70, "imageheight": 70, "resultitemheight": "auto", "showauthor": 0, "showdate": 1, "showdescription": 1, "charcount": 3, "noresultstext": "No results!", "didyoumeantext": "Did you mean:", "defaultImage": "", "highlight": 0, "highlightwholewords": 1, "openToBlank": 1, "scrollToResults": 0, "resultareaclickable": 1, "autocomplete": { "enabled": 1, "googleOnly": 1, "lang": "en", "mobile": 1 }, "triggerontype": 1, "triggeronclick": 1, "triggeronreturn": 1, "triggerOnFacetChange": 1, "trigger": { "delay": 300, "autocomplete_delay": 310 }, "overridewpdefault": 0, "override_method": "post", "redirectonclick": 0, "redirectClickTo": "results_page", "redirect_on_enter": 0, "redirectEnterTo": "results_page", "redirect_url": "?s={phrase}", "settingsimagepos": "left", "settingsVisible": 0, "hresulthidedesc": "0", "prescontainerheight": "400px", "pshowsubtitle": "0", "pshowdesc": "1", "closeOnDocClick": 1, "iifNoImage": "description", "iiRows": 2, "iiGutter": 5, "iitemsWidth": 200, "iitemsHeight": 200, "iishowOverlay": 1, "iiblurOverlay": 1, "iihideContent": 1, "loaderLocation": "auto", "analytics": 0, "analyticsString": "", "show_more": { "url": "?s={phrase}", "action": "ajax" }, "mobile": { "trigger_on_type": 1, "trigger_on_click": 1, "hide_keyboard": 0 }, "compact": { "enabled": 1, "width": "300px", "closeOnMagnifier": 1, "closeOnDocument": 0, "position": "fixed", "overlay": 0 }, "animations": { "pc": { "settings": { "anim" : "fadedrop", "dur" : 300 }, "results" : { "anim" : "fadedrop", "dur" : 300 }, "items" : "fadeInDown" }, "mob": { "settings": { "anim" : "fadedrop", "dur" : 300 }, "results" : { "anim" : "fadedrop", "dur" : 300 }, "items" : "voidanim" } }, "autop": { "state": "disabled", "phrase": "", "count": 100 } }
Share This Post Now!

With the end to the government shutdown, the U.S. Census Bureau and the Department of Housing and Urban Development (HUD) have announced new-home sales for November, reporting a significant surge. 

New-Home Sales: 657,000

  • +16.9 percent from Oct. 2018
  • -20.7 percent from Nov. 2017

For-Sale Inventory: 330,000
Months’ Supply: 6.0

Median Price: $309,700

What the Industry’s Saying

“The sales increase was fueled by a notable uptick in homes sold at the affordable end of the market. There is clearly a demand for new homes even as builders continue to grapple with supply-side challenges, including shortages of lots and labor and higher building material costs stemming from tariffs.” – Randy Noel, Chairman, National Association of Home Builders (NAHB)

“Even after an autumn that proved stronger than first reported…new-home sales are poised to end 2018 down decidedly from a year ago. November was an okay month in terms of volume, but was nevertheless well below Nov. 2017, when a rush of buyers likely pushed their closing dates forward prior to new tax laws taking effect…It’s been a season of anxiety for builders over the past few months, driven by worries of a potential broader economic slowdown, high construction costs and short-term uncertainty as a result of political volatility. The partial federal government shutdown also delayed the collection and publication of critical housing market data widely used in long-term planning and decision-making…The path of mortgage rates has shifted definitively lower since the fall, but the builder pipeline is a long one and it will take them many months to respond to those changes, if they decide to at all given the longer-term storm clouds on the horizon. The effect of lower rates is more likely to be seen in new construction prices than in sales numbers.” – Aaron Terrazas, Senior Economist, Zillow