Content about Seasonally adjusted annual rate

April 24, 2012

Housing sales data took a turn in the wrong direction in March.

Sales of new single-family houses in March 2012 were at a seasonally adjusted annual rate of 328,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. 

The March rate is 7.1% below the revised February rate of 353,000, but it’s 7.5% above the same rate from a year ago.

March 20, 2012

Commerce Department data released Tuesday morning show February housing starts were at a seasonally adjusted annual rate of 698,000.

There’s good news and bad news in Tuesday’s data.

February starts declined 1.1% compared with the upwardly revised January figure. And single-family starts declined 9.9% to a rate of 457,000. The total-starts figure fell below expectations, as analysts expected about 710,000. 

February 16, 2012

Residential construction in January was healthier than expected.

Housing starts rose to a seasonally adjusted annual rate of 699,000, up 1.5% from 689,000 in December, according to data released Thursday morning by the Department of Commerce. But more encouraging: The January rate is up 9.9% from the same month a year ago.

Most analysts were looking for a figure anywhere from 645,000 to 671,000 for the month of January.

January 26, 2012

Sales of new single-family houses in December fell to a seasonally adjusted annual rate of 307,000, down 2.2% from the revised November rate of 314,000. 

Compared with a year ago, December new housing sales were down 7.3%, according to the U.S. Commerce Department's new residential sales report released Thursday. 

December 20, 2011

Analysts were expecting a boost in November's residential construction data, but not this much of a boost.

The Commerce Department's residential construction report released Tuesday morning showed housing starts at a seasonally adjusted annual rate of 685,000 -- that's 9.3% higher than the revised October estimate of 627,000 (revised from a previously released figure of 628,000). It's also the highest level of starts since April 2010. 

Compared with last year's near-record low, total housing starts were up 24.3%.

November 17, 2011

Close followers of the Commerce Department's monthly residential construction data have been wondering all month if September's strong showing in housing starts could sustain itself.

The answer was delivered this morning by the latest data, sort of. Housing starts officially slipped 0.3% to a seasonally adjusted annual rate of 628,000. 

October 27, 2011

Sales of newly built, single-family homes increased 5.7% to a seasonally adjusted annual rate of 313,000 units in September, according to data from the U.S. Commerce Department. This marks the fastest pace of new-home sales in the past five months. 

October 19, 2011

September housing starts showed double-digit increases compared with both last year and last month, according to data released this morning by the U.S. Department of Commerce.

Housing starts came in at a seasonally adjusted annual rate of 658,000, up 15% from the August rate of 572,000, and up 10.2% compared with September 2010.

The figure of 658,000 was the highest total housing-starts figure since April 2010, when starts stood at 687,000.

September 26, 2011

Sales of new single-family houses in August 2011 were at a seasonally adjusted annual rate of 295,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development.

The figure is 2.3% below the revised July rate of 302,000, but is 6.1% above the August 2010 estimate of 278,000.

The median sales price of new houses sold in August 2011 was $209,100; the average sales price was $246,000. 

September 20, 2011

The latest tally from the U.S. Department of Commerce showed housing starts in August at a seasonally adjusted annual rate of 571,000.

The disappointing August rate -- analysts were expecting a pace of about 590,000 -- was 5% below July's downwardly revised figure, and 5.8% below the August 2010 rate of 606,000.

September 20, 2011

The National Association of Home Builders (NAHB) weighed in on the disappointing housing starts figures released Tuesday.

Nationwide housing starts declined 5% to a seasonally adjusted annual rate of 571,000 units in August.

August 18, 2011

The National Association of Realtors (NAR) reported that existing-home sales declined in July compared with June, but have improved compared with a year ago.

Total existing-home sales, which are based on transaction closings of single-family, townhomes, condominiums and co-ops, fell from a seasonally adjusted annual rate of 4.84 million in June to 4.67 million in July, a decrease of 3.5%. However, existing-home sales for July 2011 were 21.0% above the 3.86 million-unit pace in July 2010.

July 26, 2011

Sales of new single-family houses in June 2011 slipped 1.0% compared with the previous month, according to an estimate released today by the U.S. Census Bureau and the Department of Housing and Urban Development. 

New residential sales in June 2011 were at a seasonally adjusted annual rate of 312,000, down from the revised May rate of 315,000. Compared with June 2010, housing sales were up 1.6%.

The median sales price of new houses sold in June 2011 was $235,200; the average sales price was $269,000. 

July 19, 2011

Monthly housing starts for June rose above the 600,000 mark for the first time since January, according to data released today by the Commerce Department.

Housing starts increased to a seasonally adjusted annual rate of 629,000 in June, up 14.6% from the revised May estimate of 549,000. Single-family starts also showed a big improvement -- up 9.4% to a rate of 453,000.

The 629,000 annual rate came in much higher than anticipated by most forecasts, which had called for a rate of about 570,000.

July 18, 2011

All eyes are on the residential construction report for June, to be released by the Commerce Department Tuesday, July 19. 

Analysts are expecting starts to come in at a seasonally adjusted annual rate of about 570,000. If correct, that would be a 1.8% increase over housing starts for May. Starts have been under the 600,000 mark since January, when they were at a pace of 636,000.

June 16, 2011

With seemingly nowhere to go but up, housing starts in May increased 3.5% from the upwardly revised April figure to a seasonally adjusted annual rate of 560,000. Single-family starts increased 3.7% to a rate of 419,000.

The figures had easy comparisons from a month ago, when the Commerce Department's New Residential Construction report posted depressing numbers. While the month-to-month gains are a welcome sign for the industry, year-over-year statistics are negative -- total starts were down 3.4%, and single-family starts were down 8.9%.

May 19, 2011

Existing-home sales decreased 0.8% in April to a seasonally adjusted annual rate of 5.05 million from a downwardly revised 5.09 million in March, according to the National Association of Realtors. The April rate is 12.9% below a 5.80 million pace in April 2010; sales surged in April and May 2010 due to the home buyer tax credit. 

May 17, 2011

Data released by the Commerce Department this morning showed housing starts at a seasonally adjusted annual rate of 523,000 -- down 10.6% compared with the upwardly revised March figure of 574,000.

Single-family starts were at a rate of 394,000, down 5.1% from the revised March figure of 415,000.

Compared with the same month last year, total housing starts fell 23.9%, while single-family starts plunged 30%.

April 25, 2011

New home sales in March increased to a seasonally adjusted annual rate of 300,000, according to data released today by the Department of Commerce.

The new residential sales activity is 11.1% ahead of the upwardly revised February rate of 270,000, but it is down 21.9% from the March 2010 pace of 384,000.

While still at historical lows, March's pace of new home sales was higher than the 280,000 rate predicted by analysts.

April 19, 2011

The Department of Commerce's residential construction report released today shows both total starts and single-family starts for March are up over February, but way down compared with March 2010.

March housing starts were at a seasonally adjusted annual rate of 549,000, up 7.2% from February, but down 13.4% from the same month last year.

Single-family starts were reported at a pace of 422,000, up 7.7% compared with February, but down 21.1% compared with March 2010.

March 28, 2011

With existing-home sales slipping to a seasonally adjusted annual rate of 4.88 million, all three housing starts and home sales dials are running behind the paces set last month and last year.

That picture of poor performance stands in contrast to the Home Channel Stock Roundup, which shows all 10 companies tracked running ahead of last month and last year. Tractor Supply Co. leads the way -- up more than 90% from its year-ago share value.

February 24, 2011

Sales of new single-family houses in January 2011 were at a seasonally adjusted annual rate of 284,000, according to estimates released jointly Thursday by the U.S. Census Bureau and the Department of Housing and Urban Development.

The pace is 12.6% below the revised December rate of 325,000. January sales were 18.6% below the January 2010 estimate of 349,000.

January 26, 2011

Sales of new single-family houses in December 2010 were at a seasonally adjusted annual rate of 329,000, up 17.5% from the November pace of 280,000. 

The December estimate, released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, is the highest since April 2010. That month saw a relative frenzy of buying as the $8,000 tax credit for first-time home buyers expired April 30. 

The December new home sales figure is also 7.6% below the December 2009 estimate of 356,000.

December 25, 2010

Sales of new single-family houses in November 2010 were at a seasonally adjusted annual rate of 290,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development -- a 5.5% increase over October.

However, the figure is 21.2% below the same month last year.

October 18, 2010

"Builders are cautiously responding to the small improvement they are seeing in interest among potential...