New Construction Home Sales in August Higher Than Expected

Posted by John Sabia on Monday, September 28th, 2015 at 9:41am.

Sales for new construction homes for sale and condominiums for sale were up 5.7 percent in August per newly released figures by the US Census Bureau and the Department of Housing and Urban Development (HUD). The positive growth marks the fastest pace for sale in 7 years and puts sales for new construction 21.6 percent last year’s figures.

The rebound is uplifting news considering sales were down in June. In the August report, estimates for sales in July were revised upward after initially being reported as a 5.4 percent increase, which surpassed economist’s predictions for the month.

Sales for new construction homes are an important signal indicating a healthy real estate market and the overall condition of the economy. Stronger sales signal a strengthening economy and a stable job market. As the stronger sales can be somewhat associated with job market gains, historically low mortgage interest rates also played an important part.

Also In the report, the median sales price for new construction homes in August was $292,700 while the average sales price was $353,400. Given this sales pace, inventory levels for new construction homes sits at a 4.7 months supply level.

Featured Fort Lauderdale Real Estate For Sale

1 – 48 of 506 Listings
Price, Low to High

4 Bed • 2 Bath • 2,204 Sf

$275,000

1033 Nw 12th St, Fort Lauderdale

Very Nice 4/2 With A Storage Room In The Back With Running Water And Toilet. All Additions Permitted With Over 2500 Sq Ft. Updated Kitchen, Laundry...

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United Realty Group Inc

1 Bed • 1 Bath • 740 Sf

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4040 Galt Ocean Dr 601, Fort Lauderdale

Amazing Fully Renovated Unit, Beautiful Kitchen, Floors & Bathroom, Electric Blinds In Master Bedroom. this Is A Perfect Location, Oceanfr...

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477 International Realty

2 Bed • 2 Bath • 1,153 Sf

$275,000

520 Se 5 Avenue 1509, Fort Lauderdale

Large 2/2 With Split Bedroom Plan And An Ample Balcony Facing West!! Laminate Floor In Main Living area, Carpet In Bedrooms Washer/dryer, ...

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Moon Key Realty, Llc
Reduced 8%

3 Bed • 2 Bath • 1,828 Sf

$275,000

3598 Nw 39 Street, Fort Lauderdale

Likable Property In Quiet Neighborhood. Beautiful Backyard With Potential For Pool, Lawn Or Garden. Strongly Built Florida Room For Entertainment P...

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Mount Eagle Realty
Reduced 7%

$275,000

3000-3002 Sw 15 Avenue, Fort Lauderdale

Excellent Income Producing Duplex In Edgewood. 2-one Bedroom, One Bathroom Units. All Hurricane Impact Windows And Doors. Each Unit Has Separate Wa...

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Better Homes & Gdns Re Fla 1st
Reduced 7%

1,120 Sf

$275,000

3004 Sw 15th Ave, Fort Lauderdale

Excellent Incoming Producing Duplex In Edgewood. 2-one Bedroom, One Bathroom Units. All Hurricane Impact Windows And Doors. Each Unit Has Separate ...

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Better Homes & Gdns Re Fla 1st

1 Bath • 533 Sf

$275,000

505 N Fort Lauderdale Beach Blvd 811, Fort Lauderdale

Your Very Own Vacation Spot Located At This Fort Lauderdale Beach Resort. Fully Furnished And Appointed Condo- Hotel Boasting Waterfront Views In T...

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The Agency Collective

1 Bath • 485 Sf

$275,000

505 N Fort Lauderdale Beach Blvd 2211, Fort Lauderdale

Your Very Own Vacation Spot Located At The Q Club On Fort Lauderdale Beach Resort. Fully Furnished And Appointed Condo-hotel Boasting Waterfront V...

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The Agency Collective
Reduced 1%

2 Bed • 1 Bath • 882 Sf

$275,000

1537 Sw 30th St, Fort Lauderdale

Desirable Ft. Lauderdale Single Family Pool Home. This 2 Bedroom 1 Bathroom Home Is Conveniently Located In The Heart Of Ft. Lauderdale. Property F...

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Lokation Real Estate
Reduced 7%

2 Bed • 1 Bath • 720 Sf

$275,000

1705 Sw 12th Ct, Fort Lauderdale

Welcome To Shady Banks! Stop By This Saturday The 10th Between 10:15am Until 2:00pm And Tour The Home. Your New Home Has Two Bedrooms And One Bathr...

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The Keyes Company

2 Bed • 2 Bath • 1,410 Sf

$275,000

3051 Ne 47th Ct 205, Fort Lauderdale

This Spectacular 2nd Floor, 2 Bedroom 2 Full Bath Unit, Is Perfectly Located On A Canal In The Coral Ridge Country Club Area. You'll Have Beautiful...

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Atlantic Properties Int'l Inc
Reduced 11%

$275,000

Xxxx Andrews, Fort Lauderdale

Here Are Two Separate Pizza/italian Restaurants That Can Be Sold Together Or Separately. Offering The Most Delicious New York Styled Pizza Along W...

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Sellstate Partners Realty

2 Bed • 2 Bath • 1,040 Sf

$275,000

2900 Ne 30th St G7, Fort Lauderdale

Price Reduced During Construction, Currently Below Market Value! Purchase Before Construction Concludes And Prices Skyrocket! Once Construction Is ...

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Re/max Advisors

1 Bed • 2 Bath • 1,209 Sf

$275,000

3500 Galt Ocean Dr 1108, Fort Lauderdale

Large, Beachfront, One Bedroom, One And Half Bath Condo In The Premiere, Galt Mile, Playa Del Sol. This Home Offers, Eat-in Kitchen, Living Room/di...

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Better Homes & Gdns Re Fla 1st

2 Bed • 2 Bath • 1,240 Sf

$275,000

533 Ne 3rd Ave 503, Fort Lauderdale

1,240 Sqft Fully Remodeled 2 Br/2 Bath Split Floorplan Condo At Sole In Flagler Village. Gorgeous & Move-in Ready. Enormous Walk In Closets, Pantry...

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Better Homes & Gdns Re Fla 1st
Reduced 2%

3 Bed • 2 Bath

$275,000

2220 Sw 14th St, Fort Lauderdale

Modern Beachy Look With Everythng Newly Remodeled To With Excellent Taste. Bring Your Buyer Nd They Will Fall In Love When They Walk In To The Door...

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Bayside Realty Associates Llc
Reduced 5%

3 Bed • 2 Bath • 1,548 Sf

$275,000

2940 Sw 11th St, Fort Lauderdale

Amazing Find! Spacious 3 Bedroom 2 Bath Pool Home With Den! Den Can Be Used As A 4th Bedroom. Tile Flooring Throughout. Large Fenced Back Yard Wit...

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Fidelity Real Estate Group Llc
Reduced 1%

3 Bed • 2 Bath • 964 Sf

$275,000

1209 Nw 7th Ave, Fort Lauderdale

Completely Renovated With Permits - Everything New Including Roof, Impact Windows, Flooring, Kitchen And Bathroom, Plumbing, A/c, Backyard Fence - ...

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Homeinc Realty Llc

2 Bed • 2 Bath • 1,120 Sf

$275,000

3200 Ne 36th St 815, Fort Lauderdale

2/2 W/ Central A.c. New Refrigerator, Wall Oven. Gorgeous Views From Balcony Of Intracoastal. Ocean Facing Ne

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Donald F Larson
New Listing

1 Bed • 1 Bath • 620 Sf

$275,000

1000 Se 4th St 214, Fort Lauderdale

Hidden Gem Riverfront Building Only Steps From Las Olas Blvd, Restaurants, Bar, Shops And Plenty Of Nightlife! Rarely Available Fully Remodeled & F...

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Compass Florida, Llc
New Listing

2 Bed • 3 Bath • 1,781 Sf

$275,500

1330 Sw 3rd Ct 1330, Fort Lauderdale

2 Bedroom 2 1/2 Bathroom Condo/townhouse, Corner Unit, In The Village Sailboat Bend, Featuring Goutmet Kitchen With Granite Counter Tops And Stainl...

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Lokation Real Estate
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3 Bed • 2 Bath • 1,201 Sf

$276,900

3480 Sw 15th St, Fort Lauderdale

3/2 Corner Lot Home, Fully Remodeled And Exceptionally Maintained In Desirable Riverland Area. Beautifully Maintained Community Without The Hassle,...

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Nexthome At The Beach
Reduced 3%

3 Bed • 2 Bath • 1,273 Sf

$278,700

3130 Sw 20th Ct, Fort Lauderdale

Great Opportunity With This Home In Riverland Village Subdivision. The Home Has 3 Bedrooms, 2 Bathrooms, An Attached Garage, And A Pool. Fireplace ...

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Owners.com

1,190 Sf

$278,800

1205 Nw 3rd Ave, Fort Lauderdale

This Is A Spacious 3 Bedroom 2 Bath Home That Needs A Little Tlc, It Sits On A Large Lot With Room For A Pool. There Is An Separate Efficiency For ...

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Charles Rutenberg Realty Llc
Reduced 3%

2 Bed • 2 Bath • 1,250 Sf

$279,000

2881 Ne 33rd Ct 3h, Fort Lauderdale

Beautifully Maintained Corner Unit Condo In Fort Lauderdale. Great Kitchen With Granite Counters And Wood Cabinetry. Enjoy Sunsets From The Private...

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Galleria International Realty
Reduced 7%

2 Bed • 2 Bath • 1,144 Sf

$279,000

3015 N Ocean Blvd 7i, Fort Lauderdale

Unquestionably The Best Deal On The Beach @ $279k 2/2 Amazing Views Intracoastal, City Skyline, Ocean, Sunrise & Sunset - Boat Parade In Dec, Air S...

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Charles Rutenberg Realty Llc

1 Bath • 533 Sf

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505 N Fort Lauderdale Beach Blvd 1415, Fort Lauderdale

Your Very Own Vacation Spot Located At This Fort Lauderdale Beach Resort. Fully Furnished And Appointed Condo-hotel Boasting Waterfront Views In Th...

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The Agency Collective

2 Bed • 3 Bath

$279,000

2421 Ne 65th St 2-416, Fort Lauderdale

Large 2 Bdrm + Den With 2 Baths In Amazing Lauderdale One. Updated With Stainless Steel Appliances, Granite Counter Tops, Laminate Flooring Throug...

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Atlantic Properties Int'l Inc
Reduced 3%

1 Bed • 2 Bath

$279,000

4250 Galt Ocean Dr 11d, Fort Lauderdale

1 Bed/1.5 Bath Condo On The Sunny South Side. Wonderful Views Of The Ocean And Intracoastal (see Photos). Kitchen And Bathrooms Renovated. Impact W...

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Castelli Real Estate Services
Reduced 2%

2 Bed • 2 Bath • 1,148 Sf

$279,050

520 Se 5th Ave 1302, Fort Lauderdale

Beautiful Condo Unit At “las Olas By The River” In Downtown Ft. Lauderdale. The Unit 2/2 Is Located On The Third Floor With A Pool Vi...

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Keller Williams Capital Realty
Reduced 2%

3 Bed • 3 Bath • 1,520 Sf

$279,500

5201 Ne 14th Ter 202, Fort Lauderdale

Enjoy The Comfort Of This Hard To Find, Meticulously Maintained 3br/2.5ba Town Home Showcasing A Number Of Notable Features Including Neutral Tile ...

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Redfin Corporation

1 Bed • 2 Bath • 1,200 Sf

$279,900

4020 Galt Ocean Dr E3, Fort Lauderdale

Ground Floor Apartment - Covered Parking Enter From Your Kitchen Door. Luxury High Rise, With Rooftop Pool Heated And Full Amenities Including Gy...

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Int'l Property Investmnts Corp
Reduced 3%

1 Bed • 1 Bath • 825 Sf

$279,900

3800 Galt Ocean Dr 1014, Fort Lauderdale

Very Nice, One Bedroom One Bathroom, With A Beautiful View Of The Intracoastal And City. Building Is On The Beach, Step Onto The Sand. Fantastic P...

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Int'l Property Investmnts Corp
Reduced 1%

2 Bed • 2 Bath

$279,900

1123 Nw 7th Ave, Fort Lauderdale

Stunning Remodeled 2 Bathroom 2 Bedroom..! New!!! Impact Windows & Exterior Doors Porcelain Floor, Roof, A/c, Electric Water Heater, Plumbing & Ele...

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International Realty Group
Reduced 2%

3 Bed • 2 Bath • 1,961 Sf

$279,900

920 Alabama Ave, Fort Lauderdale

Melrose Park, As Is, Single Family Home, 3/2 With An Extended Man Cave With Bar And Pool Table Included, New Electric Panel. Beautiful Terrazzo Und...

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Bhhs Ewm Realty
Reduced 2%

2 Bed • 2 Bath • 885 Sf

$279,999

3655 Ne 32nd Ave 219, Fort Lauderdale

Location! Location! Small Complex Situated Along The Intracoastal Waterway With Easy Access To Inlet And A Few Short Blocks To The Beach. Enjoy Int...

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Coldwell Banker Residential Re
Reduced 3%

2 Bed • 2 Bath • 1,170 Sf

$280,000

520 Se 5 Avenue 1205, Fort Lauderdale

Large 2/2 With Split Plan And Large Den - Washer/dryer - Spacious Open Kitchen - Unit Very Bright And Inviting - Plenty Of Closets - 1 Assigned Sec...

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Moon Key Realty, Llc

4 Bed • 3 Bath • 1,409 Sf

$280,000

4620 Sw 12th St, Fort Lauderdale

Calling All Investors! This Home Is Divided Into 3 Separate Rental Units- Studio Month To Month @ $550, Studio- One Year Lease Ending 3/31/20 At $8...

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La Rosa Realty, Llc
Reduced 1%

4 Bed • 2 Bath • 1,175 Sf

$280,000

1412 Nw 1st Ave, Fort Lauderdale

This 4 Bedroom 2 Bath, Home Has Been Completely Renovated. The Kitchen Has All New High-end Stainless Steel Appliances, Brand New Washer & Dryer. A...

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Florida Premier Realty
Reduced 2%

3 Bed • 2 Bath

$280,000

2820 Nw 9th Pl, Fort Lauderdale

New Construction!!!!! Enjoy This New Built 3 Bed 2.5 Bath Home In Ft. Lauderdale. Great For First Time Homeowners. Open Floor Plan, And Nice Big Hu...

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Realty Exchange Network, Inc

3 Bed • 2 Bath • 1,508 Sf

$280,000

2780 Sw 3 St, Fort Lauderdale

This Is It! Look No Further To Get In Early In An Up And Coming Area! This House Is Move-in Ready With A New Central A/c Unit. bright And ...

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Global Luxury Realty Llc
Reduced 3%

2 Bed • 2 Bath • 1,276 Sf

$280,000

2500 Ne 48th Ln 608, Fort Lauderdale

Beautiful Coral Ridge Neighborhood On The Golf Course! 6th Floor Unit At Country Club Towers With City Views! Interior Features Open Concept With G...

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Keller Williams Realty Cs

3 Bed • 2 Bath • 1,116 Sf

$280,000

2972 Sw 11th Ct, Fort Lauderdale

Perfect Starter Home! Outstandingly Clean 3 Bedroom And 2 Bathroom Home. Huge Lot With Endless Possibilities. This Home Is A Corner Lot And Its Ove...

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Re/max Preferred

1 Bath • 584 Sf

$284,500

505 N Fort Lauderdale Beach Blvd 1503, Fort Lauderdale

Your Very Own Vacation Spot Located At This Fort Lauderdale Beach Resort. Fully Furnished And Appointed Condo-hotel Boasting Waterfront Views In Th...

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The Agency Collective
Reduced 5%

3 Bed • 3 Bath • 1,709 Sf

$284,900

3609 Sw 22nd St, Fort Lauderdale

This Home Qualifies For Grant Towards Closing Costs From Bank Of America Of Up To $7,500! Upgraded Home In Sought Out Area Of Davie. Huge Yard With...

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Homes For You Realty Inc

3 Bed • 1 Bath • 1,610 Sf

$284,900

3371 Sw 15th Ct, Fort Lauderdale

Welcome To This Tastefully Updated Home Located In Desirable Riverland Village. Features Fresh Interior And Exterior Paint, Renovated Kitchen With ...

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Charles Rutenberg Realty Llc
Reduced 2%

3 Bed • 2 Bath • 1,635 Sf

$284,990

150 Florida Ave, Fort Lauderdale

Welcome Home! The Perfectly Located 3 Bedroom 2 Bath, 1 Car Garage Single Family Home With A Beautiful Pool Is Located Less Then 5 Minutes From I-9...

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Dream Team Realty Llc

1 Bed • 1 Bath • 730 Sf

$285,000

2900 Ne 30th St 5a, Fort Lauderdale

Great Location Walking Distance To The Bach And Many Restaurants. Intracoastal Front With Great Amenities Pool And Work Out Room With Great View O...

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Rmg Realty Inc
 

John Sabia

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