Author Archives: awolf@meyersllc.com

  1. New Home PSI: New Home Sales Defy Gravity: Up 39.6% Year-Over-Year

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    August new home sales showed no signs of faltering. The New Home Pending Sales Index grew 3.0% month-over-month and 39.6% year-over-year. In April and May, the strength of the housing market varied wildly depending on geography. Today, nearly every market across the country is enjoying robust new home sales.

  2. New Home PSI: Pending New Home Sales Jumped 32.7% Year-Over-Year

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    Builders had another blockbuster month in July. Our New Home Pending Sales Index captured a 32.7% increase in contract sales compared to last year and a 5.3% increase month-over-month. July’s data highlights that the strength of the housing market is carrying on later in the year than the typical seasonality.

  3. New Home PSI: Pending New Home Sales Hit An Index High In June

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    Pending new home sales hit a record high in June, highlighting the remarkable turnaround in the housing market since mid-March. Contract sales rose 17.5% month-over-month and 18.2% year-over-year as increased time at home related to COVID-19 and new lows in mortgage rates spurred shoppers to act now.

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