Breaking News: New Home Sales Down 32.7 Percent in May, More Than Expected (story developing)

(datos anualizados)

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Venta viviendas EE UU cae un 32,7% y no cumple expectativas
16:03 Malos datos de vivienda en EE UU. En el mes de mayo se vendieron 300.000 viviendas un 32,7% menos que las 504.000 que se vendieron en abril. Además, este dato no cumple con las expectativas ya que los analistas esperaban unas ventas de 410.000 viviendas.

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A ver, no sé si se me escapa algo, pero... se vende menos en todo EEUU que en España????

Ojalá ese 32% también lo vivamos aquí en septiembre-octubre, a ver si el próximo es un 60%.

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Ya les cojemos, Kierevelos, el año pasao 219.000 en Ejpain.

Kieretravelos a tu salud!!!

Esto va parriba!!!!

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Peor dato desde 1963!!!

Sales of U.S. New Houses Plunge to Lowest Level on Record - Bloomberg

Sales of U.S. New Houses Plunge to Lowest Level on Record
By Shobhana Chandra and Timothy R. Homan - Jun 23, 2010

Purchases of new homes in the U.S. fell in May to a record low as a tax credit expired, showing the market remains dependent on government support.

Sales collapsed a record 33 percent to an annual pace of 300,000 last month from April, less than the median estimate of economists surveyed by Bloomberg News and the fewest in data going back to 1963, figures from the Commerce Department showed today in Washington. Demand in prior months was revised down.

The end of a tax incentive worth as much as $8,000 means the market will now be dependent on gains in employment, which are needed to lift incomes, brace confidence and contain foreclosures. A lack of inflation and concern over jobs and housing are among reasons Federal Reserve policy makers may reiterate a pledge to keep interest rates near zero.

“Underlying demand for housing absent the government’s tax credit remains disappointingly weak,” Guy LeBas, chief fixed- income strategist at Janney Montgomery Scott LLC in Philadelphia, said before the report. “The housing market recovery is looking like a mirage.”

Sales were projected to drop 19 percent to a 410,000 annual pace, according to median estimate of 76 economists surveyed by Bloomberg News. Forecasts ranged from 300,000 to 530,000. The government revised April’s purchase rate down to 446,000 from a previously reported 504,000.

The median sales price decreased 9.6 percent from the same month last year, to $200,900, today’s report showed.

Purchases dropped in all four U.S. regions last month, led by a record 53 percent drop in the West.

Months’ Supply

The supply of homes at the current sales rate jumped to 8.5 month’s worth, from 5.8 months in April. There were 213,000 new houses on the market at the end of May, the fewest since 1970.

A report yesterday showed sales of previously owned homes unexpectedly fell in May, adding to concern the retrenchment following the end of the tax incentive will be deeper than anticipated. Existing house purchases, calculated when a contract closes, dropped to a 5.66 million annual rate, the National Association of Realtors said.

New-home sales are considered a more timely barometer of the market than purchases of previously owned homes, which account for about 90 percent of the housing market.

Other data show the market is starting to stumble. Housing starts in May declined by the most since March 2009, and building permits, a sign of future construction, fell to a one-year low, data from the Commerce Department showed. The National Association of Home Builders/Wells Fargo confidence index for June fell by the most since November 2008.

Fewer Applications

The number of mortgage applications filed to purchase houses dropped this month to the lowest level since 1997, according to data from the Mortgage Bankers Association.

The Standard & Poor’s Supercomposite Homebuilder Index, which includes Toll Brothers Inc. and Lennar Corp., has dropped 28 percent since reaching a 19-month high on May 3. The broader S&P 500 Index is down 10 percent from April 23’s 19-month peak.

Builders are also concerned that the Gulf oil spill and European debt crisis are hurting buyer confidence. Toll, the largest U.S. luxury homebuilder, said deposits have been running 20 percent behind the year-earlier period the past three weeks.

“Concerns about the financial crisis in Europe and escalating regional political tensions, coupled with worries about the oil spill in the Gulf of Mexico and its effects on the economy and the environment have negatively impacted the outlook of American consumers,” Joel H. Rassman, chief financial officer at Horsham, Pennsylvania-based Toll, said in a June 16 statement.

Hovnanian Enterprises Inc., the largest homebuilder in New Jersey, said orders fell 17 percent in the quarter ended April 30 from a year earlier, and contract signings slowed in May, indicating the tax credit helped pull some sales forward.

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Virgen santisima vaya santa ostia. Las bolsas al compas a tomar por culo, al rico guano. Que salvajada.

News Headlines

Los precios han caído un 1% mensual, la caída anual es del 9,6%. Mayor caída de precios desde Julio de 2009, volviendo a niveles del año 2003.

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Where is Kierefalos?

Interesante dato.... ¿que pasará en enero-2011 con la retirada de los estímulos a la compra de vivienda?

El dato mas importante será el de precios de los próximos 3 meses. Si caen en picada ya tenemos una muestra adelantada de lo que pasará en 2011 aquí.

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