Titles for new homes sold in December came in at 962 homes. This was a -2.1% decline from November, but an 8.9% increase over December of 2017. Multi-section home sales were up across both months of comparison while single-section home sales were down -10.1% from November, but up 4.5% from December 2017.
|Total for December:||465||497||962|
|Change from November:||-10.1%||6.7%||-2.1%|
|Change from December of 2017:||4.5%||13.5%||8.9%|
Ector County once again landed in the top spot for installations of new homes with Midland County moving up into the second position. Harris and Bexar counties both had declines in new home installations, while an increase over November brought Montgomery County into fourth on the list.
|Top Five Counties for New Installs this Month||Total||Change (MoM%)|
Titles for used homes sold in December were up from both November and December of 2017.
|Total for December:||162||85||247|
|Change from November:||11.7%||0%||7.4%|
|Change from December of 2017:||26.6%||-15%||8.3%|
With the inclusion of December sales titles, 2018 came in at 15,116 total new homes sold. The year’s total is 15.6% higher than where 2017’s new home sales were at a year ago. Both the single-section and multi-section markets had solid year-over-year growth.
|Total for 2018 through December:||7,866||7,250||15,116|
|Change from 2017 (%):||14%||17.4%||15.6%|
|Change from 2017 (Units):||965||1,075||2,040|
Looking at the county totals for new home installations on the year you can see again how much the growth came from the Permian Basin counties. The 72% growth in Ector translates to an additional 237 homes that were installed there. Midland’s 148% growth equaled 330 additional homes installed there.
Other counties that had large YoY gains include additional oil producing counties Reeves with an additional 133 homes installed and Ward with 118 more homes than 2017.
Elsewhere in the state Orange County led the Harvey recovery counties with 101 additional homes.
|Top Five Counties for New Installs this Year||Total||Change (YoY%)|
Used sales finished the year up 8.1% over 2017, with single-sections driving the growth.
|Total for 2018 through December:||3,254||1,331||4,585|
|Change from 2017 (%):||15.4%||-6.3%||8.1%|
|Change from 2017 (Units):||434||-90||344|
January Preliminary Data
The preliminary data for January is mixed as we head into 2019 sales reporting. New home sales are down -6.8% from December but up 12.9% over 2018.
|Total for January:||355||363||718|
|Change from December:||-8.3%||-5.2%||-6.8%|
|Change from January of 2018:||10.6%||15.2%||12.9%|
Used sales are down a sharp -28.9% from December but are likewise up over 2018.
|Total for January:||99||46||145|
|Change from December:||-23.3%||-38.7%||-28.9%|
|Change from January of 2018:||11.2%||-2.1%||6.6%|
|New sales increased:||+36||+59||+95|
|Used sales increased:||+12||+2||+14|
TMHA’s Market Research Reports and Tools
- Total Retail Sales Market (25-month)
- Average Sales Price of New Homes in the South (25-month)
- New Home Retail Sales by Installation County Interactive (2012-2018 YTD)
- Retail Sales by Installation County (2012-2018 YTD)
- Annual Manufacturer Retail Sales (2012-2018 YTD)
- Monthly Manufacturer Retail Sales Totals (2012-2018 YTD)
- Manufacturer New Home Totals per Retailer (2012-2018 YTD)
- Annual New Home Retail Sales by Manufacturer Model (2012-2018 YTD)
- Annual Manufacturer Shipments Report (2014-2018 YTD)