Tag: Home sales

New home sales up 1.5% in March

After a dip in February followed a strong surge in January, new home sales edged slightly upward in March. According to data from the U.S. Census Bureau, sales of new single-family homes rose 1.5 percent in March to a seasonally adjusted annual rate of 417,000. At the end of March, 153,000 homes were listed for […]

April 23, 2013

Permits, labor shortage cause delays as builders scramble to meet huge housing demand

“I’ve also never seen a market turn so quickly.” That’s what Kurt K. Colgan, a broker with Lyon Real Estate of Sacramento, California, recently told the New York Times about the recent housing boom. Despite how eagerly-awaited housing’s return has been, its sharp rebound has taken home buyers, sellers and builders by surprise. As a […]

March 25, 2013

Reporter-Housing

New home sales surge 16% to nearly 3-year high

New home sales made a huge leap in January, rising nearly 16 percent from December 2012, according to data from from HUD and the United States Census Bureau. New single-family homes were sold at a seasonally adjusted annual rate of 437,000 in January, besting the consensus estimates of 381,000. It is the highest monthly total […]

February 26, 2013

Home sales rise to best in 5 years

Despite falling below November’s pace, December sales of previously-owned homes were up 12.8 percent year-over-year, CNN Money reported. Full-year sales increased 9 percent over 2011 to 4.65 million, the highest they’ve been since 2007, when 5 million homes were sold before the recession. Among causes for this boost in sales are near record low mortgage […]

February 5, 2013

Mack intros powertrain, comments on construction market

At its press conference at the Mid-America Trucking Show, Mack introduced it’s “Pedigree Powertrain”, an integrated powertrain with engine, transmission and axles. Pedigree-spec’d trucks will be adorned with a gold Bulldog hood ornament. “Components designed to work together simply work better,” says John Walsh, vice president of marketing. Mack is extending that integration throughout the […]

March 26, 2012

New home sales slow by 1.6 percent in February

Sales of newly built, single-family homes slowed 1.6 percent to a seasonally adjusted annual rate of 313,000 units in February, according to data jointly released by HUD and the U.S. Commerce Department today. “While many builders are seeing more traffic through their model homes as the spring buying season gets underway, tight lending conditions and […]

March 23, 2012

Some faint signs of hope

The housing news out today shows a glimmer of good news. July will make the fourth straight month that home sales have risen higher than the previous month. And perhaps more important, July 2009 sales are 5 percent higher than July 2008 sales. Caveats from the always dependable blogger Barry Ritholtz: a lot of the uptick […]

January 15, 2010

Financial District: Home Sweet Homes

Residential market shows signs of life — and that may be a little good news for highway contractors.

January 1, 2010

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