The Home Buyer's Korner

Information presented should be used for educational purposes only.

September 29th, 2015

Guy looking up in color

New Home Sales for August 2015

New Home Sales

Buoyed by steady job gains and low mortgage rates, Americans purchased new homes in August at the fastest pace in more than seven years.

Healthy hiring and smaller price increases for new homes have finally begun pushing up sales, which were hammered during the Great Recession. New home sales soar nearly 22 percent in the past year.

Strong gains in new home sales could accelerate the economy by boosting home building, which generates construction jobs, demand for more building materials and more spending on landscaping and other services.

The Commerce Department says new-home sales surged 5.7 percent last month to a seasonally adjusted annual rate of 552,000. That followed an even bigger 12 percent jump in July, according to the government’s revised figures, and the best monthly figure since February 2008. It’s an encouraging sign of the housing market’s momentum, despite some signs point to the year’s overall housing first half year surge is slowing due to rising home prices and limited supply.

New home sale was a nearly 6 per percent increase from July, which was also revised up, by Census Bureau. Still, the figure is a far cry from the historic average.

Annualized Seasonally Adjusted New Home sales:

July 2015: 522,000 (revised)

June 2015: 481,000 

May 2015: 521,000 

April 2015: 508,000

March 2015: 485,000

February 2015: 545,000

January 2015: 521,000

December 2014: 495,000

November 2014: 449,000

October 2014: 472,000

September 2014: 459,000

August 2014: 454,000

July 2014: 403,000

The average monthly number of new home sales over the last 30 years has averaged 706,000 units sold. Last week’s figure was encouraging, but we’ve got a long way to go, before seeing a full recovery.

Some economists believe there could be an uptick in home buying as would-be homeowners try to lock in a low mortgage rate before the Federal Reserve raises interest rates.

The average rate on a 30-year fixed mortgage in August was 3.9 percent, very low on a historical basis. A decade ago the rate was about 5.8 percent and 20 years ago it was 7.8 percent. When the Fed raises rates, the expectation is that rates on mortgages will gradually move up too.

The central bank is now expected to raise rates in either October or December.


FHA 203K

Your Home Purchasing or Refinancing & Renovation Tool

Mortgage Loan Officers, Real Estate Agents & General Contractors

are ready to assist you with your home purchase


The Conventional Alternative to FHA 203K

Great for Real Estate Investors and Second Home Renovations

Mortgage Loan Officers, Real Estate Agents & General Contractors

are ready to assist you with your home purchase


Up to $10K for Home Improvements, Renovations or a Simple Remodel

Mortgage Loan Officers, Real Estate Agents & General Contractors

are ready to assist you with your home purchase


Organizing your home shopping experience affords a wise decision-making process.

This simple home inspection tool makes your ultimate buying decision a smart one.

To print this document click on “Open in New Window” located at the lower right corner;

click on “File”; then click on “Print”. In the center of the screen, you will have the option

to “Create A Printable PDF of the Presentation”.


The Home Buyer's Korner

Real Estate Marketing Blogs and Coaching

Mortgage Lenders Social Media Marketing Blogs

General Contractors Renovation Network




Facebook Group 2

The Home Buyer's Korner Fan page

Facebook Fan Page Honolulu

FNMA HomeStyle FNMA My Community Mortgage FHA One-Time Close Construction Portfolio or VA home loan Homes for Sale REO Short Sales FNMA HomePath Properties HUD Homes USDA Homes Condominiums Co-Ops Townhomes Manufactured Homes Modular Homes Mobile Homes Log Homes Second Homes Investment Property 2-4 Family Custom Home Builders Custom Built Homes General Contractors Home Improvement Experts Kitchen & Bathroom Renovations Real Estate Brokers & Agents Mortgage Lenders Federal Credit Unions Community Bankers Real Estate Listings Jumbo Investor Hard Money HARP HECM Equity Zero 3% 3.5% Portfolio Non-Warrantable Down Payment Assistance 

Join us at Real Estate Social

Comments are closed.