Main Points:
- The Department of Housing and Urban Development, together with the U.S. Census Bureau, reported a noticeable boost in new-home sales during January this year.
- When we say “new-home sales,” we’re referring to occasions when hopeful homeowners throw down a deposit or put pen to paper on fancy sales contracts, signaling their intent to purchase brand-new, un-lived-in kingdom (or just house).
- The surge was pushed to a seasonally adjusted rate of 661,000, which is an increase of 1.8 percent year-over-year. Even the Grinch’s heart swells less than that!
- And that’s not all! Sales were 1.5 percent higher than December’s revised rate, which was 651,000. Remember, these are not ordinary video game scores; this is the real estate market we are talking about!
Your Entertaining Takeaway:
If the suspense was killing you, don’t worry, the numbers are in! Yes, new-home sales have been hitting the gym lately – and it’s showing! According to the U.S. Census Bureau and the Mum’s-the-word Department (also known as The Department of Housing and Urban Development), sales in January looked as good as I do in my Sunday best. They jumped a muscular and heart-pounding 1.8 percent year-over-year, flexing at a seasonally adjusted rate of 661,000.
What’s more, these sales weren’t just bench-pressing their own weight — they heaved a colossal 1.5 percent higher than December’s revised rate of 651,000. It’s the sort of feat that makes even seasoned fitness-trainers blush and emit genuine words of admiration. We’re not here to just play numbers with blonde, brunette and redhead zeros; this is the stone-cold, dollar-stuffed world of U.S. real estate! If this were an RPG, you’d definitely want these guys on your team. Have they bought any magic potions from the shop? We’re certainly intrigued.
So, strap on your business hats and pull up those entrepreneurial socks, because the new-home sales market isn’t just “heating up.” Nay, it’s bubbling over like a robust stew of Profit-à -la-mode. Where is it going next? Only time – and possibly a crystal ball – will tell.
Original article: https://www.inman.com/2024/02/26/new-home-sales-show-promise-with-1-8-annual-growth/
