Home Sales: Difference between revisions

1,710 bytes added ,  23 August 2023
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{| class="wikitable"
{| class="wikitable"
!
!
! colspan="3" |New Home Sales
! colspan="4" |New Home Sales<ref>https://fred.stlouisfed.org/series/HSN1F</ref>
! colspan="3" |Existing Home  Sales  
! colspan="4" |Existing Home  Sales<ref>https://fred.stlouisfed.org/series/EXHOSLUSM495S</ref>
|-
|-
!Release Date
!Release Date
!Actual
!Actual (K)
!Forecast
!Forecast
!M/M Change<ref>https://www.investing.com/economic-calendar/new-home-sales-896</ref>
!M/M Change
!Actual
!Median Sales Prices<ref>https://fred.stlouisfed.org/series/MSPNHSUS</ref>
!Actual (M)
!Forecast
!Forecast
!M/M Change<ref>https://www.investing.com/economic-calendar/existing-home-sales-891</ref>
!M/M Change<ref>https://www.investing.com/economic-calendar/existing-home-sales-891</ref>
!Median Sales Prices
|-
|Jul-23
|714
|705
|4.39%
|436,700
|4.07
|4.15
| -2.16%
|406,700
|-
|Jun-23
|684
|725
| -2.84%
|416,700
|4.16
|4.20
| -3.26%
|410,000
|-
|-
|May-23
|May-23
|763K
|704
|675K
|675K
|12.20%
|3.68%
|4.30M
|419,500
|4.3
|4.25M
|4.25M
|0.20%
|0.23%
|396,400
|-
|-
|Apr-23
|Apr-23
|683K
|679
|663K
|663K
|4.10%
|6.09%
|4.28M
|417,200
|4.29
|4.30M
|4.30M
| -3.40%
| -3.16%
|385,900
|-
|-
|Mar-23
|Mar-23
|683K
|640
|630K
|630K
|9.60%
|2.40%
|4.44M
|438,900
|4.43
|4.50M
|4.50M
| -2.40%
| -2.64%
|375,400
|-
|-
|Feb-23
|Feb-23
|640K
|625
|650K
|650K
|1.10%
| -3.70%
|4.58M
|433,300
|4.55
|4.19M
|4.19M
|14.50%
|13.75%
|363,600
|-
|-
|Jan-23
|Jan-23
|670K
|649
|620K
|620K
|7.20%
|2.04%
|4.00M
|432,100
|4
|4.10M
|4.10M
| -0.70%
| -0.74%
|361,200
|-
|-
|Dec-22
|Dec-22
|616K
|636
|617K
|617K
|2.30%
|9.28%
|4.02M
|479,500
|4.03
|3.96M
|3.96M
| -1.50%
| -2.18%
|366,500
|-
|-
|Nov-22
|Nov-22
|640K
|582
|600K
|600K
|5.80%
|0.87%
|4.09M
|462,300
|4.12
|4.20M
|4.20M
| -7.70%
| -7.21%
|372,700
|-
|-
|Oct-22
|Oct-22
|632K
|577
|570K
|570K
|7.50%
|1.76%
|4.43M
|496,800
|4.44
|4.38M
|4.38M
| -5.90%
| -5.13%
|378,800
|-
|-
|Sep-22
|Sep-22
|603K
|567
|585K
|585K
| -10.90%
| -11.13%
|4.71M
|477,700
|4.68
|4.70M
|4.70M
| -1.50%
| -1.89%
|383,500
|-
|-
|Aug-22
|Aug-22
|685K
|638
|500K
|500K
|28.80%
|17.50%
|4.80M
|440,300
|4.77
|4.70M
|4.70M
| -0.40%
| -2.25%
|391,700
|-
|-
|Jul-22
|Jul-22
|511K
|543
|575K
|575K
| -12.60%
| -3.55%
|4.81M
|478,200
|4.88
|4.89M
|4.89M
| -5.90%
| -5.90%
|399,000
|-
|-
|Jun-22
|Jun-22
|590K
|563
|660K
|660K
| -8.10%
| -11.48%
|5.12M
|432,700
|5.12
|5.38M
|5.38M
| -5.40%
| -5.40%
|
|-
|-
|May-22
|May-22
|696K
|636
|588K
|588K
|10.70%
|4.09%
|5.41M
|450,700
|5.41
|5.39M
|5.39M
| -3.40%
| -3.40%
|
|-
|-
|Apr-22
|Apr-22
|591K
|611
|750K
|750K
| -16.60%
| -13.58%
|5.61M
|458,200
|5.61
|5.65M
|5.65M
| -2.40%
| -2.40%
|
|-
|-
|Mar-22
|Mar-22
|763K
|707
|765K
|765K
| -8.60%
| -8.54%
|5.77M
|435,900
|5.77
|5.80M
|5.80M
| -2.70%
| -2.70%
|
|-
|-
|Feb-22
|Feb-22
|772K
|773
|810K
|810K
| -2.00%
| -4.57%
|6.02M
|427,400
|6.02
|6.10M
|6.10M
| -7.20%
| -7.20%
|
|-
|-
|Jan-22
|Jan-22
|801K
|810
|806K
|806K
| -4.50%
| -2.41%
|6.50M
|430,500
|6.50
|6.10M
|6.10M
|6.70%
|6.70%
|
|}
|}


Line 188: Line 244:
* The median existing-home price for all housing types fell by 3.1% compared to the corresponding month of the previous year to $396,100.
* The median existing-home price for all housing types fell by 3.1% compared to the corresponding month of the previous year to $396,100.
* Pending home sales in the US fell 2.7% month-over-month in May of 2023, to the lowest level this year, and worse than market forecasts of a 0.5% drop as limited supply and high-interest rates continue to negatively impact sales.<ref name=":2" />
* Pending home sales in the US fell 2.7% month-over-month in May of 2023, to the lowest level this year, and worse than market forecasts of a 0.5% drop as limited supply and high-interest rates continue to negatively impact sales.<ref name=":2" />
=== July 2023 ===
==== New ====
* 714k sales is 4.4 percent (±12.8 percent)* above the revised June rate of 684,000 and is 31.5 percent (±16.3 percent) above the July 2022 estimate of 543,000.<ref>file:///C:/Users/maga-/Downloads/newressales.pdf</ref>
* The median sales price of new houses sold in July 2023 was $436,700.  The average sales price was $513,000
* The seasonally‐adjusted estimate of new houses for sale at the end of July was 437,000.  This represents a supply of 7.3 months at the current sales rate.
==== Existing ====
* Existing-home sales fell 2.2% in July to a seasonally adjusted annual rate of 4.07 million. Sales receded 16.6% from one year ago.<ref>https://www.nar.realtor/newsroom/existing-home-sales-slipped-2-2-in-july</ref>
* The median existing-home sales price rose 1.9% from one year ago to $406,700. It was the fourth time the monthly median sales price eclipsed $400,000, joining June 2023 ($410,000), June 2022 ($413,800) and May 2022 ($408,600).
* The inventory of unsold existing homes increased 3.7% from the previous month to 1.11 million at the end of July, or the equivalent of 3.3 months’ supply at the current monthly sales pace.


== References ==
== References ==