27 Jan 2016
US New Home Sales: A clear improvement during 2015 - Wells Fargo
FXStreet (Córdoba) - Analysts from Wells Fargo explained that US new home sales finished 2015 on a strong note, after rising 10.8% in December.
Key Quotes:
“New home sales rose 10.8 percent in December to cap off another strong year. Monthly data can be volatile, but the 14.5 percent gain in new homes sold during 2015 clearly points to improvement over the past year.
“Higher priced homes accounted for a larger share of new homes sold in 2015. Homes above $400,000 accounted for 28 percent of the total, up from 21 percent in 2013 and 24 percent in 2014.”
“Price appreciation for all homes could account for some of the higher share of pricier homes. That said, the higher ratio of mean new home prices to median new home prices suggests rising prices for all homes cannot fully explain the shifting distribution.”
Key Quotes:
“New home sales rose 10.8 percent in December to cap off another strong year. Monthly data can be volatile, but the 14.5 percent gain in new homes sold during 2015 clearly points to improvement over the past year.
“Higher priced homes accounted for a larger share of new homes sold in 2015. Homes above $400,000 accounted for 28 percent of the total, up from 21 percent in 2013 and 24 percent in 2014.”
“Price appreciation for all homes could account for some of the higher share of pricier homes. That said, the higher ratio of mean new home prices to median new home prices suggests rising prices for all homes cannot fully explain the shifting distribution.”