November 16, 2024 12:04 pm
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New home sales astounding 19.5% higher year-over-year

New home sales

New home salesBy Jann Swanson | Mortgage News Daily

The good news in housing continued this morning with a report on May new home sales. According to the Census Bureau and the Department of Housing and Urban Development (HUD) sales of newly constructed homes rose 2.2 percent compared to April to a seasonally adjusted annual rate of 546,000 units. May sales were thus a somewhat astounding 19.5 percent higher than in May 2014 when the rate was 457,000 units. April’s sales, already estimated at 6.4 percent higher than March was revised upward from 517,000 units to 534,000. On a non-seasonally adjusted basis sales were estimated at 51,000, the same as in April.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.