New Home Sales Slide

New Home Sales Slide

On the heels of earnings misses from DR Horton and PulteGroup, the US Commerce Department reported more disappointing news for the new home market. Sales for new single-family homes dropped 11.4% to 481,000 in March. Although the sector has struggled to find strong upward momentum, new single-family home sales are still up about 19% over the last year.

Read More

Previous PulteGroup Reports Miss; Stock Takes a Beating
Next OC Land Prices Continue to Climb

About author

Michael Anderson
Michael Anderson 249 posts

Over the course of his 30-year career, Michael Anderson has worked in the residential development industry in the Pacific Northwest, Northern California and Southern California. He has acquired residential land in excess of $300M for both land development and homebuilding entities and has overseen the construction of approximately 2500 homes. Currently, in semi-retirement, and based out of Newport Beach, CA, Michael continues to invest in and stay abreast of the land markets.

View all posts by this author →

You might also like

Housing Market

California Housing Markets are Starting to Stall

According to data compiled by the California Association of Realtors, California’s housing markets are showing signs of stalling.

Housing Market

Homebuilder Optimism Looking Up

The NAHB Builder Confidence Index rose 4 points in April to 56. This was the first rise in five months although the index had never dropped below 50 during this

Housing Market

Net Outward Migration from Los Angeles County to Orange County

In the last blog on recent trends in homebuyer mobility we found that high housing prices in two Northern California counties (San Francisco and Alameda) had been a principal cause