New titles for November moved up 1.7% over October’s total at this point last month, but in the weeks since the last report release October has been revised up by 131 homes, so unless there’s a similarly large upward revision there’s a good chance that sales in November were actually a little lower than October. If it holds after revisions, November will be the first month in 2017 where multi-section titles came in above single-section.
Compared to November of 2016, new titles were up 15.5%, and several counties impacted by Hurricane Harvey saw increased activity including all top five counties for installations on the month.
On the year, both single-section and multi-section titles for new homes are up.
Next month’s release will close out 2017 reporting, and December is tracking -6% down from November, and 4.6% up from December of 2016.
November
| Total for November: |
530 |
536 |
1,066 |
| Change from October: |
-5.86% |
10.52% |
1.72% |
| Change from November of 2016: |
10.19% |
21.27% |
15.49% |
| Total for 2017 through November: |
6,438 |
5,727 |
12,165 |
| Change from 2016 (%): |
9.66% |
2.84% |
6.34% |
| Change from 2016 (Units): |
567 |
158 |
725 |
| Harris |
62 |
19.23% |
| Montgomery |
51 |
10.87% |
| Orange |
51 |
104% |
| Liberty |
39 |
5.41% |
| Brazoria |
34 |
100% |
| Total for November: |
166 |
96 |
262 |
| Change from October: |
-7.78% |
-6.8% |
-7.42% |
| Change from November of 2016: |
22.96% |
12.94% |
19.09% |
| Total for 2017 through November: |
2,636 |
1,280 |
3,916 |
| Change from 2016 (%): |
7.94% |
-7.04% |
2.54% |
| Change from 2016 (Units): |
194 |
-97 |
97 |
December
| Total for December: |
367 |
357 |
724 |
| Change from November: |
-8.02% |
-3.77% |
-5.97% |
| Change from December 2016: |
2.8% |
6.57% |
4.62% |
| Total for December: |
87 |
70 |
157 |
| Change from November: |
4.82% |
20.69% |
11.35% |
| Change from December 2016: |
0% |
-10.26% |
-4.85% |
October
| New titles increased: |
+57 |
+74 |
+131 |
| Used titles increased: |
+44 |
+26 |
+70 |
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.
