New Home Purchases Up Sharply In January 2014

Posted by admin February - 18 - 2014 - Tuesday

New home purchases were up sharply in January. According to the The Mortgage Bankers Association (MBA) sales of new single-family homes were running at a seasonally adjusted annual rate of 543,000 units in January 2014. (data from MBA’s Builder Applications Survey).

The Mortgage Bankers Association estimated 38,000 new home sales in January 2014. That’s a 36 percent increase from the level of 28,000 units in December 2013 .The estimated 543,000 unit annual sales pace in January was a 35 percent increase from December’s pace.

This conflicts with data showing a decrease in existing home activity. However it is in line with what builders are reporting.

Mortgage applications for new home purchases are up by 27 percent relative to the previous month.

SoliVita New Construction is also booming right now. If you are looking for a Florida 55+ Active Adult Community then come check out SoliVita. We’d love to show you around Florida’s World Class Active Adult Community..

Leave a Reply

About us

I am a licensed real estate Broker in the state of Florida. My opinions on real estate have been formed from my experiences and 15 years of working in the business. My opinions are in line with Florida Real Estate laws and the REALTOR(R) Code of Ethics. Your State’s laws may differ. So do your own homework before implementing any of my business practices into your business.