Texas New Home Market Shows Mixed Signals for April

World News: . []

DALLAS, May 15, 2019 (GLOBE NEWSWIRE) -- Both new home sales and pending home sales dropped in Texas last month. But the average price for new homes statewide was higher, and the sales pace for new homes in Texas improved last month, according to a report released by for April, based on data from local Multiple Listing Services, including the Houston Association of REALTORS, North Texas Real Estate Information Systems, San Antonio Board of REALTORS and the Austin Board of REALTORS.

Pending sales fell again in Texas last month. Pending new home sales were lower in all four of the state’s biggest new homes markets including Dallas-Fort Worth, Houston, Austin and San Antonio, HomesUSA.com reported. For Texas, pending new home sales for April based on a 12-month rolling average were 3,357, down from 3,654 pending sales in March.

“Texas’s new home market gave us some mixed signals in April, with a combination of good news and bad news for builders,” said Texan Ben Caballero, owner of HomesUSA.com, and real estate’s first Guinness World Record holder for real estate sales. “The good news for builders in April came in the form of slightly higher home prices and a slight improvement in the Days on Market for new homes. The bad news for builders was overall new home sales, while healthy, continue to flatten, and the total number for pending new home sales in April show a continuation of a decline that began in November,” he added.

Austin total new home sales in April were 678 and 685 total sales in March. San Antonio total new home sales dropped to 518 total sales in April from 522 total sales in March. ()

In San Antonio and Austin, new home prices were flat in April. San Antonio’s average new home price for April was $297,493 and $297,471 for March. Austin’s new home price in April was $368,102 and $368,124 in March. ()

Total pending sales for Austin in April were 581, down from 633 pending home sales in March. San Antonio pending new home sales in April were 437, down from 483 pending new home sales in March. ()

Caballero is now sharing Texas new homes data well before the Commerce Department will release its national report for on Thursday, May 23 at 10:00 am Eastern. HomesUSA.com publishes new home sales information for Texas four largest new home markets monthly, gleaned from local Multiple Listing Services, including the Houston Association of REALTORS, North Texas Real Estate Information Systems, San Antonio Board of REALTORS and the Austin Board of REALTORS.

 

More news and information about HomesUSA.com

Published By:

Globe Newswire: 16:00 GMT Wednesday 15th May 2019

Published: .

Search for other references to "texas" on SPi News


Share

Previous StoryNext Story

SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2019. [Admin Only]
 
Sector Publishing Intelligence Ltd.
Agriculture House, Acland Road, DORCHESTER, Dorset DT1 1EF United Kingdom
Registered in England and Wales number 07519380.
 
Privacy Policy | Terms and Conditions | Contact Us