Newest Numbers For Anderson Show New Home Closings Rise
Posted on: Jun 06, 2014 07:01:56 AM
Rebounding from a year-over-year decline in January 2014. New home closings moved from none a year earlier to 3 after the figure moved from 4 in January 2013 to 3 in January 2014.
Following a year-over-year decline in January, closings of new and existing homes also slid year-over-year in February.
Other Market Trends
Out of all existing home closings, foreclosures combined with REO closings made up 47.8% of closings. They made up 47.9% in February 2013. The percentage of existing home closings involving foreclosures declined to 17.2% in February from 18.6% a year earlier while REO closings as a percentage of existing home closings gained to 30.6% from 29.3%.
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