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DOC New Home Sales and NAR Existing Home Sales

The Department of Commerce reported July sales of new homes dropped by 2.40 percent over June to a four month low. Analysts noted that although July's reading of 412,000 new homes sold fell short of expectations and June's reading, the new homes sector is volatile and subject to change. June's reading of 406,000 new homes sold was revised to 422,000 new homes sold; expectations were based on the original reading. Three of four regions posted a slower rate of growth for home prices with only the … Continue reading...

Posted in: Blog Tagged: Department of Commerce, Exisiting Home Sales, National Assoication of Realtors, New Home Sales

Housing Starts, Building Permits Rising Into 2013

Single-family housing starts took a small step back in November. According to the monthly Housing Starts report from the U.S. Department of Commerce, single-family housing starts tallied 565,000 in November 2012 on a seasonally-adjusted, annualized basis. This marks a 4 percent decline from October, but is more than 100,000 higher than the count from 12 months ago. Clearly, the nation's new home construction market is expanding. On a regional basis, single-family housing starts have been … Continue reading...

Posted in: Blog Tagged: Building Permits, Department of Commerce, Housing Starts

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RE/MAX ACR ELITE GROUP, INC. Hillsborough

14823 N. Dale Mabry Hwy.
Tampa, FL 33618
Office (813) 961-6000
Fax (813) 961-6016

RE/MAX ACR ELITE GROUP, INC. Pinellas

2501 West Bay Drive
Largo, FL 33770
Office (727) 584-8480
Fax (727) 586-6789


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