New Home Sales Rebound in April

first_imgHome / Daily Dose / New Home Sales Rebound in April Share Save Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago May 23, 2014 815 Views Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Headlines, Market Studies, News Census Bureau Home Prices Home Sales HUD 2014-05-23 Tory Barringer  Print This Post Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago New Home Sales Rebound in April The Best Markets For Residential Property Investors 2 days agocenter_img Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Tagged with: Census Bureau Home Prices Home Sales HUD New home sales rebounded in April following a dismal March report, signaling a late start to an active spring selling season.According to estimates released Friday by the Commerce Department, sales of new single-family homes last month were at a seasonally adjusted annual rate of 433,000, a 6.4 percent improvement over March’s upwardly revised rate of 407,000. March sales were originally reported at 384,000.Mark Vitner, senior economist and managing director at Wells Fargo, said more favorable weather may have helped boost sales, noting that the Midwest—where transactions rocketed up 47.4 percent—has enjoyed a mild tornado season relative to historical norms.Growth in the South was slow at only 3.1 percent compared to March, while activity was flat in the West. Meanwhile, the Northeast saw a 26.7 percent drop in sales over the month.Compared to last year, new home sales at the national level fell 4.2 percent short. Analysts anticipate this season will be milder than last year, when mortgage rates were just coming off of all-time lows and homes were comparatively more affordable.“We were hoping we’d be a lot better than we were a year ago, so there’s a lot of disappointment, but we have to have stronger job growth than we’ve had,” Vitner said. “I think when we get the May numbers, we’ll be back even or slightly ahead.”The Commerce Department reported the median price of new houses sold in April was $275,800, down nearly $6,000 compared to March. The average price was $320,100, down $6,600.Meanwhile, the stock of new homes available for sale at the end of April was a seasonally adjusted 192,000, representing a supply of 5.3 months at the current sales rate. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Chicago-area Homes Sell Faster with Higher Prices in April Next: Is the United States Primed for Economic Growth? Subscribelast_img read more

Broadway Love Songs on the Ocean City Music Pier on Saturday

first_img A cast of professional performers will sing and dance into your hearts as the Greater Ocean City Theatre Company presents their annual Valentine’s Weekend Show.The Greater Ocean City Theatre Company will present a Valentine’s show on Saturday (Feb. 15) on the Ocean City Music Pier.The show will include “some of the most enchanting, unforgettable and lovey-dovey songs to ever grace the stage,” according to the OCTC. “Bring that special someone, your family, a friend or simply let Broadway be your Valentine this year!”Select performers from the company’s Professional Broadway Series return to the stage in a casual, entertaining and intimate cabaret of favorites from the Great White Way. Our 2014 production features new songs, new talent and more staging/choreography.The evening will begin at 7:15 p.m. with a pre-show dessert reception in the romantic setting of the Ocean City Music Pier. Cousin’s Restaurant and Nobil Food Services will provide an array of delicious desserts. The show will begin at 8 p.m.Tickets purchased before 4 p.m. on Feb. 11 are $20 per person, the price will go to $25 thereafter. All tickets include the dessert reception and performance. All proceeds benefit the Greater Ocean City Theatre Company.— News release from the Greater Ocean City Theatre CompanyAdvanced reservations are strongly suggested. To reserve your tickets call 609-525-9300 or visit www.ocnj.us/boxofficeThe 2014 sponsor of this annual event is the Ocean City Charitable Foundation of Ocean City Home Bank. A cast of professional performers will sing and dance into your hearts as the Greater Ocean City Theatre Company presents their annual Valentine’s Weekend Show.last_img read more