Anderson New Home Sales Gain According to Recent Numbers
Posted on: Apr 06, 2014 07:01:50 AM
Closings stood at 5 in December after being 0 a year earlier and remaining unchanged at 2 in November from a year earlier. New home closings moved from none a year earlier to 5 after the figure moved from 2 in November 2012 to 2 in November 2013.
Closings of new and existing homes declined year-over-year in December after also falling in November year-over-year.
Other Market Trends
Foreclosures and real estate owned (REO) closings continued to decline from a year earlier in December, but did not appear to be dragging the market. Combined, foreclosures plus REO closings represented 24.6% of existing home closings, below 39.7% a year earlier. The percentage of existing home closings involving foreclosures fell to 4.8% in December from 22.2% a year earlier while REO closings as a percentage of existing home closings grew to 19.8% from 17.5%.
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