{"id":702,"date":"2013-08-01T21:42:04","date_gmt":"2013-08-01T21:42:04","guid":{"rendered":"http:\/\/www.fiberlitetech.com\/blog\/?p=702"},"modified":"2013-08-01T21:42:04","modified_gmt":"2013-08-01T21:42:04","slug":"new-home-sales-jump-8-3-percent-in-june","status":"publish","type":"post","link":"https:\/\/www.fiberlitetech.com\/blog\/new-home-sales-jump-8-3-percent-in-june\/","title":{"rendered":"New-Home Sales Jump 8.3 Percent in June"},"content":{"rendered":"

July 23, 2013-<\/strong>The National Association of Home Builders (NAHB) is reporting sales of newly built, single-family homes surged 8.3 percent to a seasonally adjusted, annual rate of 497,000 units in June.\u00a0 This is the fastest pace in the last five years, according to data released today by HUD and the U.S. Census Bureau.<\/p>\n

\u201cNew-home buyers are returning to the market in larger numbers as firming prices, shrinking inventories of homes for sale and improving local economies convince them that now is the time to make their move,\u201d said Rick Judson, chairman of the NAHB and a home builder from Charlotte, N.C.\u00a0 \u201cMeanwhile, the very low supply of new homes on the market is indicative of the difficulty that builders are having in keeping up with demand due to availability issues with regard to materials, credit, labor, and lots for development.\u201d<\/p>\n

\u201cThe takeaway from this report is that the housing recovery is solidly on track and isn\u2019t going to be derailed by slightly higher mortgage rates,\u201d said NAHB Chief Economist David Crowe.\u00a0 \u201cAfter years of fence-sitting, buyers are back and are ready to move forward with an investment in homeownership.\u201d\u00a0 Looking ahead, he said he anticipates further, though more incremental gains in sales through the end of this year.<\/p>\n

Three of four regions saw solid gains in new-home sales activity in June, with the Northeast, South and West posting increases of 18.5 percent, 10.9 percent and 13.8 percent, respectively.\u00a0 The Midwest posted an 11.8 percent decline following an above-trend bump in activity in May.<\/p>\n

The inventory of new homes for sale declined to 161,000 units in June, making a razor-thin, 3.9-month supply at the current sales pace.\u00a0 The months\u2019 supply of homes for sale has not fallen below this level since March of 2004.<\/p>\n","protected":false},"excerpt":{"rendered":"

July 23, 2013-The National Association of Home Builders (NAHB) is reporting sales of newly built, single-family homes surged 8.3 percent to a seasonally adjusted, annual rate of 497,000 units in June.\u00a0 This is the fastest pace in the last five … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[6],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.fiberlitetech.com\/blog\/wp-json\/wp\/v2\/posts\/702"}],"collection":[{"href":"https:\/\/www.fiberlitetech.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fiberlitetech.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fiberlitetech.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fiberlitetech.com\/blog\/wp-json\/wp\/v2\/comments?post=702"}],"version-history":[{"count":3,"href":"https:\/\/www.fiberlitetech.com\/blog\/wp-json\/wp\/v2\/posts\/702\/revisions"}],"predecessor-version":[{"id":705,"href":"https:\/\/www.fiberlitetech.com\/blog\/wp-json\/wp\/v2\/posts\/702\/revisions\/705"}],"wp:attachment":[{"href":"https:\/\/www.fiberlitetech.com\/blog\/wp-json\/wp\/v2\/media?parent=702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fiberlitetech.com\/blog\/wp-json\/wp\/v2\/categories?post=702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fiberlitetech.com\/blog\/wp-json\/wp\/v2\/tags?post=702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}