New Home Sales Down 13% To 19K Actual New Homes Sold, It Is The Lowest Monthly Sales Ever Since Records Started

Posted By on February 24, 2011

Does anyone really think there is a recovery going on!  ” Less than 500 homes  sold in the over $750,000 and only 19k total new homes were sold. The lowest monthly total ever. (and of the 19K, 53% were vacant lots or under construction).

“Sales of new single-family houses in January 2011 were at a seasonally adjusted annual rate of 284,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 12.6 percent (±11.2%) below the revised December rate of 325,000 and is 18.6 percent (±15.4%) below the January 2010 estimate of 349,000. The median sales price of new houses sold in January 2011 was $230,600; the  average sales price was $260,300. The seasonally adjusted estimate of new houses for sale at the end of January was 188,000. ” Less than 500 homes sold in the over $750,000 category and only 19k total non-annualized homes were sold. It is the lowest monthly total ever. (and of the 19K, 53% were vacant lots or under construction).

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