New titles for August moved up 5.9% over July and 29.7% over August of 2017. An expansion in single-section home sales of 9.5% over July and 36.4% over last year led the way, while multi-section sales logged a 1.8% increase over the preceding calendar month and a 22.3% increase over last year.
August
| Total for August: |
704 |
577 |
1,281 |
| Change from July: |
9.49% |
1.76% |
5.87% |
| Change from August of 2017: |
36.43% |
22.25% |
29.66% |
| Total for 2018 through August: |
5,444 |
4,938 |
10,382 |
| Change from 2017 (%): |
20.55% |
25.71% |
22.95% |
| Change from 2017 (Units): |
928 |
1010 |
1,938 |
The top five counties for new home installations changed with Midland jumping in and all the way up to the top spot with a 196% increase over July’s installs. The rest of the counties in the top five saw month-over-month increases except for Ector which still landed in the fifth spot despite a -28.9% decrease in installations.
| Midland |
74 |
196% |
| Harris |
60 |
7.14% |
| Montgomery |
52 |
13.04% |
| Liberty |
45 |
7.14% |
| Ector |
37 |
-28.85% |
Used titles were down-9.9% from July but were up 26.3% over August of 2017.
| Total for August: |
241 |
86 |
327 |
| Change from July: |
-7.31% |
-16.5% |
-9.92% |
| Change from August of 2017: |
33.15% |
10.26% |
26.25% |
| Total for 2018 through August: |
2,272 |
908 |
3,180 |
| Change from 2017 (%): |
29.24% |
4.97% |
21.24% |
| Change from 2017 (Units): |
514 |
43 |
557 |
The preliminary data for September is showing a sharp -26.9% decrease from August and a -8.9% decrease over September of 2017, so we may have had just our second year-over-year decline for a month this year. The first occurred in February.
September
| Total for September: |
417 |
359 |
776 |
| Change from August: |
-28.6% |
-24.9% |
-26.93% |
| Change from September 2017: |
-11.09% |
-6.27% |
-8.92% |
| Total for September: |
170 |
70 |
240 |
| Change from August: |
-10.99% |
4.48% |
-6.98% |
| Change from September 2017: |
88.89% |
48.94% |
75.18% |
July
| New titles increased: |
+35 |
+39 |
+74 |
| Used titles increased: |
+9 |
+8 |
+17 |
TMHA’s Reports
Lender
* Note: These calculations are based on titles processed by TDHCA that were submitted on time. Late submissions will impact these figures going forward.
