New-Home Sales Rise to Fastest Pace Since 2008

New-Home Sales Rise to Fastest Pace Since 2008
Article by: Daily Real Estate News | Wednesday, June 26, 2013

For the third consecutive month, sales of new single-family homes posted gains, rising 2.1 percent in May, according to housing data released Tuesday by HUD and the U.S. Census Bureau.

“Builders are reporting increased demand for new homes as buyers seek to take advantage of historically low mortgage rates while they remain so favorable,” says Rick Judson, National Association of Home Builders chairman. “Consumers in markets nationwide are definitely becoming more confident about making a home purchase as firming prices and tighter inventories provide further evidence of the ongoing housing recovery.”

New-homes sales moved to the fastest sales pace in May since July of 2008. Inventories also rose in May, reaching a 4.1-month supply at the current sales pace.

Regionally, sales posted double-digit increases in May by 40.7 percent in the Midwest and a 20.7 percent increase in the Northeast. In the West, new-home sales rose 3.6 percent while posting a 9 percent decrease in the South.

Source: National Association of Home Builders; Daily Real Estate News (062613) | Blog, In The News, distribution provided by Kenneth Bargers and Bargers Solutions, member of Pilkerton Realtors, residential real estate services located in Nashville, Tennessee

Author: Kenneth Bargers

REALTOR®, Tennis Player, Titans, Vols & Preds Fan, Nashvillian... let's connect on Instagram, LinkedIn, Pinterest and Twitter. -- contact Kenneth at

2 thoughts on “New-Home Sales Rise to Fastest Pace Since 2008”

  1. Hi, i read your blog from time to time and i own
    a similar one and i was just wondering if you get a lot of
    spam feedback? If so how do you reduce it, any plugin or anything you can suggest?
    I get so much lately it’s driving me crazy so any help is very much appreciated.

    1. Thanks for following my blog! I don’t have a useful answer about the spam and consider it out of sight out of mind since it is automatically dumped in a folder. I go through it to verify any responses that I should process, but very rarely will a realistic comment fall through the crack. Wishing you the best!

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s