Articles Recently Tagged: Inventory

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Pace of New Home Sales in the U.S. Rebounds

Pace of New Home Sales in the U.S. Rebounds

Having dropped a downwardly revised 8.2 percent in May, the pace of new single-family home sales in the U.S. rebounded 7.0 percent in June to a seasonally adjusted rate of 646,000 sales, which is 4.5 percent above the pace of sales at the same time last year. At the... Read More »

Pace of Existing Home Sales in the U.S. Slips

Pace of Existing Home Sales in the U.S. Slips

Having ticked up 2.5 percent in May, the seasonally adjusted pace of existing-home sales across the U.S. slipped 1.7 percent in June to an annual rate of 5.27 million transactions which is 2.2 percent below its mark at the same time last year, according to the National Association of... Read More »

Pace of Home Sales in San Francisco Continues to Drop

While the number of homes listed for sale in San Francisco hit a seasonal peak last month, inventory levels have ticked up 16 percent over the past two weeks and are now running 4 percent higher than at the same time last year. At the same time, the percentage... Read More »

U.S. Housing Starts Slip, Permit Activity Drops to a Two-Year Low

The annual pace of new housing starts in the U.S. slipped 0.9 percent from May (1.265 million units) to June (1.253 million units) but remains 6.2 percent higher versus the same time last year (1.180 million units) with the pace of construction for structures with five or more units... Read More »

Reductions on the Rise as Pace of Home Sales Drops in SF

Reductions on the Rise as Pace of Home Sales Drops in SF

While the number of homes listed for sale in San Francisco hit a seasonal peak last month, inventory levels ticked up 12 percent over the past post-holiday week to 650, which is even with the same time last year. At the same time, the percentage of active listings in... Read More »

Pace of Home Sales in San Francisco is Still Down

While some segments are doing better and others worse, the overall pace of home sales is still down in San Francisco. In fact, recorded sales in the first half of the year will be lower on a year-over-year basis. And despite some reports to the contrary, sales in the... Read More »

Pace of Home Sales in San Francisco Continues to Drop

Having turned negative in mid-May, which led to an effective push in recorded home sales for the month, actual contract activity in San Francisco (versus anecdotal reports of “open house traffic”) has dropped over the past month and is currently running 10 percent lower versus the same time last... Read More »

Pending Home Sales Drop in the West but Tick Up Overall

Pending Home Sales Drop in the West but Tick Up Overall

Having dropped 1.5 percent in April, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, ticked up 1.1 percent in May to 105.4 but remains 0.7 percent lower on a year-over-year basis and 6.1 percent below a cyclical high of... Read More »

Pace of New Home Sales in the U.S. Takes Another Hit

Having dropped a downwardly revised 3.7 percent in April, the pace of new single-family home sales in the U.S. shed another 7.8 percent in May to a seasonally adjusted rate of 626,000 sales, which is 3.7 percent below the pace of sales at the same time last year. At... Read More »

Number of Homes for Sale in SF Holds, Pending Sales Down

While effectively unchanged over the past week, as expected, the number of homes on the market in San Francisco (710) is now running roughly even with the same time last year. At the same time, pending sales activity in the city remains down and has been running an average... Read More »