The U.S. Government is reporting that sales of new single-family houses in April, 2025 were at a seasonally adjusted annual rate of 743k, which is 10.9% higher than March’s revised rate and is 3.3% higher than one year ago. The median sales price of new houses sold in April was $407,200 with an average sales price of $518,400. There were an estimated 504k new houses for sale at the end of April representing an 8.1-month supply at the current sales rate. Click here to read the full report at the U.S. Census Bureau.
Author: Brad Beckett
Brad Beckett
Director of Education & Outreach, National Real Estate Investors Association
The National Association of Realtors is reporting that existing home sales were down 0.5% in April to a seasonally-adjusted annual rate of 4 million – down 2% year over year. Total housing inventory at the end of April was 1.45 million units, up 9% from March and up 20.8% from one year ago. Unsold inventory sits at a 4.4-month supply at the current sales rate with properties remaining on the market for around 29 days. The median existing-home price for all housing types in April was $414k. The NAR says there is a lot of unrealized pent up demand out…
This Monday, May 26th is Memorial Day. For most Americans the three-day weekend will mark the unofficial start of summer. However, the solemn significance of the day is often forgotten. It is actually a national day of remembrance for America’s military men & women who paid the ultimate sacrifice while defending freedom & liberty around the globe. Stay safe, remember to honor the fallen, and have a Happy Memorial Day Weekend!
The unofficial start of Summer (aka Memorial Day) is this weekend along and with that reminder comes AAA’s annual travel forecast. The venerable AAA predicts that just over 45 million Americans will travel 50+ miles from home this Memorial Day weekend – an increase of 1.4 million over 2024 and may set a new Memorial Day weekend record. In addition, AAA says 3.61 million travelers are expected to fly to their destinations – an increase of 2% over last year. “Memorial Day weekend getaways don’t have to be extravagant and costly…While some travelers embark on dream vacations and fly hundreds…
In early May, President Donald Trump signed four pieces of legislation that effectively rolled-back Biden-era green-energy regulations on household appliances such as water heaters, refrigerators and many others. According to Breitbart News, regulations on the following were rolled-back: H.J.R. 20 – which rolled back regulations on consumer gas-powered water heaters. H.J.R. 24 – which rolled back regulations walk-in coolers and freezers and other refrigeration devices. H.J.R. 42 – which rescinded an energy conservation regulation on household appliances. H.J.R. 75 – which rescinded a regulation on energy standards for commercial refrigerators, freezers, and refrigerator-freezers. In addition, President Trump issued an executive…
The U.S. government is reporting that privately‐owned housing starts in April, 2025 were at a seasonally adjusted annual rate of 1,361,000, which is 1.6% higher than March’s revised number but is 1.7% lower than one year ago. April’s rate for units in buildings with five units or more was 420k. Privately‐owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,412,000, which is 4.7% below than March’s revised number and is 3.2% lower than one year ago. Authorizations of units in buildings with five units or more were at a rate of 431k…
Local Market Monitor, a National REIA preferred vendor, recently released their monthly National Economic Outlook where they share their thoughts on developments taking place in the U.S. economy. Click here for more information about Local Market Monitor.
According to the latest ICE Mortgage Monitor, the national delinquency rate dropped -32 basis points (bps) to 3.21% in March – the lowest since May 2024. However, they also say that while delinquencies overall remain well below pre-pandemic levels, serious delinquencies (SDQ) continue to tick modestly higher, rising by 14% (+60K) since March 2024, with the rise almost entirely attributable to FHA loans. “While first-time homebuyers continue to face affordability headwinds, they don’t have the same disincentive to transact as many repeat buyers, who remain locked in the golden handcuffs of relatively low monthly payments on their existing homes…Younger homebuyers…
The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) increases 0.2% in April, 2025. The all items index was up 2.3% for the 12 months ending in April. The shelter index increased 0.3% accounting for more than half of the all items monthly increase. Interestingly, five of the six major grocery store food group indexes decreased in April. Driven primarily by a 12.7-percent decrease in the index for eggs, the index for meats, poultry, fish, and eggs fell 1.6 percent in April after rising in recent months. Click here to read…
Today’s graphic from Statista points out that in 2024 most U.S. states have returned to a period of population growth, versus 2023. Interestingly, West Virginia was the only state that shrunk in 2023 and 2024. Stay safe and have a Happy Friday!!! Hat tip to Statista.
