by Threat calculated on 26/10/2022 10:09:00
The Census Bureau experiences New house gross sales in September have been at a seasonally adjusted annual charge (SAAR) of 603,000.
The prior three months have been revised decrease, mixed.
Gross sales of latest single-family houses in September 2022 hit a seasonally adjusted annual charge of 603,000, based on estimates launched collectively right now by the US Census Bureau and the Division of Housing and City Growth. That is 10.9% beneath August’s revised charge of 677,000 and 17.6% beneath the September 2021 estimate of 732,000.
added emphasis
The primary chart reveals new house gross sales versus recessions since 1963. The dotted line represents the present gross sales charge.
New house gross sales are beneath pre-pandemic ranges.
The second graph reveals months of provide of latest houses.
Months of provide elevated in September to 9.2 months from 8.1 months in August.
The all-time excessive was 12.1 months of provide in January 2009. The all-time excessive was 3.5 months, most not too long ago in October 2020.
That is nicely above the excessive finish of the conventional vary (round 4-6 months provide is regular).
“The seasonally adjusted estimate of latest houses on the market on the finish of September was 462,000. This represents 9.2 months of provide on the present gross sales charge.”
The final chart reveals NSA gross sales (month-to-month gross sales, unadjusted annual charge).
In September 2022 (purple column), 49,000 new houses have been offered (NSA). Final yr, 58,000 houses have been offered in September.
The September all-time excessive was 99,000 in 2005 and the September all-time low was 24,000 in 2011.
It was barely above expectations, however gross sales for the earlier three months have been revised decrease, mixed. I will have extra later right now.