Sales of new homes increased nearly 7 percent in April to a seasonally adjusted annual rate of 517,000, according to the U.S. Census Bureau. New Homes Numbers Still Below Average The new homes numbers are still below-average historically, but they are up 26 percent compared with April 2014. Plus, home builders were relieved that sales bounced back in April after […]
Vero Beach New Homes: Market Looking to Recover
The Vero Beach new homes market was a bit on the sluggish side overall in 2014, but some analysts look for things to turn around in the next 2 to 3 years. Some blame the overall slow comeback on builders who are reluctant to move very far outside of their familiar markets into more peripheral areas as well as their […]
Vero Beach New Home Sales Hit 6 Year High
After falling for two consecutive months, Vero Beach new home sales jumped 18 percent in August to the highest level since 2008. The jump in Vero Beach new home sales for August comes during the same month when housing construction slumped. Housing starts fell 14.4 percent in August, the biggest one-month drop in more than a year. Even so, home […]
Vero Beach New Home Sales Down Again in July
Vero Beach new home sales fell for a second straight month in July, but a surge in the stock of properties on the market and a moderation in price increases should help to stimulate demand in the months ahead. Other data released recently showed activity in the vast services sectors slowed again in August. The reports, however, did little to […]
Vero Beach New Home Sales Up in October
Statistics from the Mortgage Bankers Association indicate an increase in Vero Beach new home sales in October. MBA's Builder Application Survey for October shows mortgage applications for Vero Beach new home sales increased by 11 percent from September. The change doesn't include any adjustments for seasonal patterns. Breaking the data down by product type: Conventional loans accounted for 67.5 percent […]
