Newsroom
June 24, 2014
May new-home sales show fast growth
June 25, 2014 – New-home sales in May reached 504,000 seasonally adjusted units and was the fastest pace since May of 2008, going up 18.6 percent from April and 16.9 percent from a year ago.
NAFCU Research Assistant Doug Christman analyzed data from the Census Bureau for a Macro Data Flash and found that all four regions of the country showed new-home sales increases in May. The Northeast saw the most growth at 54.5 percent, and the Midwest saw the least at just 1.4 percent.
"While this is a positive sign for the housing sector, new-home sales data tends to be volatile and prone to revisions," Christman wrote. "Limited inventory continues to constrain further gains in new-home sales and puts upward pressure on home prices. Improvements in the labor market, affordable housing and loosening credit standards are all expected to help the housing market improve throughout the year."
The median new-home price in May, non-seasonally adjusted, went up to $282,000 from $269,700 in April. The months of available inventory was 4.5 in May, down from 5.3 in April, and the number of unsold homes remained at 189,000, which is up 16.7 percent from the year before.
NAFCU Research Assistant Doug Christman analyzed data from the Census Bureau for a Macro Data Flash and found that all four regions of the country showed new-home sales increases in May. The Northeast saw the most growth at 54.5 percent, and the Midwest saw the least at just 1.4 percent.
"While this is a positive sign for the housing sector, new-home sales data tends to be volatile and prone to revisions," Christman wrote. "Limited inventory continues to constrain further gains in new-home sales and puts upward pressure on home prices. Improvements in the labor market, affordable housing and loosening credit standards are all expected to help the housing market improve throughout the year."
The median new-home price in May, non-seasonally adjusted, went up to $282,000 from $269,700 in April. The months of available inventory was 4.5 in May, down from 5.3 in April, and the number of unsold homes remained at 189,000, which is up 16.7 percent from the year before.
Share This
Related Resources
Resiliency In Your Incident Response Plan
Cybersecurity
preferred partner
DefenseStorm
Blog Post
The Bottom Line on Insurance Tracking and Collateral Protection
Strategy
preferred partner
Allied Solutions
Blog Post
Add to Calendar 2024-04-15 09:00:00 2024-04-15 09:00:00 Mergers and Acquisitions: Unifying Two Different Executive Total Compensation and Benefits Programs Listen On: Key Takeaways: [03:50] With the merger of a smaller credit union into a larger one you are really only dealing with integrating staff into the larger credit union. [05:53] When working with a merger of equals we start with a deep dive into the executive compensation and benefits of each organization. [09:09] If your current executive benefits provider doesn’t conduct regular plan evaluations, consider having a plan audit anyway. [13:46] Don’t overpay for these things if you don’t have to. When you have more options available that means the cost is more appropriate. [17:11] It is in a unified organization’s best interest to do tier timelines where we look at your top executives who are critical to the unified organization’s success today and then slowly add in the next levels. Web NAFCU digital@nafcu.org America/New_York public
Mergers and Acquisitions: Unifying Two Different Executive Total Compensation and Benefits Programs
preferred partner
Gallagher
Podcast
Add to Calendar 2024-04-11 14:00:00 2024-04-11 14:00:00 Regulation E: Impacts Across Your Institution Dive into regulatory excellence with, Regulation E: Impacts Across Your Institution. This webinar is tailored to empower you with the knowledge and strategies necessary to effectively implement the Electronic Funds Transfer Act (EFTA) and Regulation E within your operations. You’ll explore how to apply Regulation E across various business areas to ensure compliance obligations are met with precision. Key Takeaways Learn the basics of EFTA and Regulation E Understand how to apply Regulation E at your organization to detect processes and transactions that require Regulation E compliance Discover how Regulation E may apply to a large breath of areas in your institutions and functions for which you may rely on third-party vendors Review recent enforcement activity for non-compliance with EFTA and Regulation E Register Now $295 Members | $395 Nonmembers(Additional $50 for USB)One registration gives your entire team access to the live webinar and on-demand recording until April 11, 2025Go to the Online Training Center to access the webinar after purchase » Who Should Attend NCCOs NCRMs Compliance and risk titles Education Credits NCCOs will receive 1.0 CEUs for participating in this webinar NCRMs will recieve 1.0 CEUs for participating in this webinar Web NAFCU digital@nafcu.org America/New_York public
Regulation E: Impacts Across Your Institution
Credits: NCCO, NCRM
Webinar
Get daily updates.
Subscribe to NAFCU today.