Georgia Residential Sales Agreement by csw97630

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									 Table 940. New Privately Owned One-Family Houses Sold by Region and Type
  of Financing, 1970 to 2005, and by Sales-Price Group, 2005

 [In thousands (485 represents 485,000). Based on a national probability sample of monthly
 interviews with builders or owners of one-family houses for which building
 permits have been issued or, for nonpermit areas, on which construction
 has started. For details, see source and Appendix III.
 Composition of regions:
 NORTHEAST: Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, Connecticut,
  New York, New Jersey, and Pennsylvania.
 MIDWEST: Ohio, Indiana, Illinois, Michigan, Wisconsin,
  Minnesota, Iowa, Missouri, North Dakota, South Dakota, Nebraska, and
  Kansas.
 SOUTH: Delaware, Maryland, District of Columbia, Virginia, West Virginia,
  North Carolina, South Carolina, Georgia, Florida,
  Kentucky, Tennessee, Alabama, Mississippi,
  Arkansas, Louisiana, Oklahoma, and Texas.
 WEST: Montana, Idaho, Wyoming, Colorado, New Mexico, Arizona, Utah, Nevada,
  Washington, Oregon, California, Alaska, and Hawaii]


                                                     REGION                                        FINANCING TYPE

Year and sales-price group
                               Total                                                                    FHA             Rural-   Cash
                               sales    Northeast   Midwest    South        West Conventional \1        and            Housing
                                                                                                         VA         Service \2

 1970                            485           61       100        203      121    \3        213        244               (\3)     27
 1971                            656           82       127        270      176    \3        314        314               (\3)     28
 1972                            718           96       130        305      187    \3        447        242               (\3)     30
 1973                            634           95       120        257      161    \3        465        134               (\3)     34
 1974                            519           69       103        207      139    \3        378        112               (\3)     28

 1975                            549           71       106        222      150              363        122                 43     22
 1976                            646           72       128        247      199              458        134                 23     31
 1977                            819           86       162        317      255              592        166                 24     38
 1978                            817           78       145        331      262              575        174                 26     43
 1979                            709           67       112        304      225              469        186                 18     36

 1980                            545           50        81        267      145              302        196                 14     32
 1981                            436           46        60        219      112              244        142                 14     36
 1982                            412           47        48        219       99              193        173                 11     34
 1983                            623           76        71        323      152              350        217                  8     49
 1984                            639           94        76        309      160              423        149                  9     58

 1985                            688          112        82        323      170              403        208                 11     64
 1986                            750          136        96        322      196              411        268                 12     59
 1987                            671          117        97        271      186              408        190                  8     64
 1988                            676          101        97        276      202              437        171                  6     62
 1989                            650           86       102        260      202              416        162                 14     58

 1990                            534           71        89        225      149              337        138                 10     50
 1991                            509           57        93        215      144              329        128                  9     43
 1992                            610           65       116        259      170              428        134                  7     41
 1993                            666           60       123        295      188              476        147                  6     37
 1994                            670           61       123        295      191              490        130                  9     41

 1995                            667           55       125        300      187              490        129                  9     39
 1996                            757           74       137        337      209              570        140                  9     38
 1997                            804           78       140        363      223              616        137                  6     46
 1998                            886           81       164        398      243              693        136                  9     48
 1999                            880           76       168        395      242              689        143                  6     41

 2000                            877           71       155        406      244              695        138                  4     40
 2001                            908           66       164        439      239              726        141                  2     39
 2002                            973           65       185        450      273              788        140                  4     42
 2003                          1,086           79       189        511      307              911        130                  4     41
 2004                          1,203           83       210        562      348            1,047        105                  6     46
 2005                          1,283           81       205        638      358            1,150         79                  1     52

      2005                     1,283           81       205        638       358           1,150         79                  1     52
 Under $200,000                  472           11        87        325       49             (NA)       (NA)               (NA)   (NA)
 $200,000 to $299,999            352           21        69        162       99             (NA)       (NA)               (NA)   (NA)
 $300,000 to $499,999            314           32        40        106      137             (NA)       (NA)               (NA)   (NA)
 $500,000 and over               144           17         9         45       73             (NA)       (NA)               (NA)   (NA)


 SYMBOLS
 NA Not available.

 FOOTNOTES
 \1 Includes all other types of financing.
 \2 Prior to 1996, the Farmers Home Administration.
 \3 Rural Housing Service included under conventional financing.

 Source: U.S. Census Bureau and U.S. Dept. of Housing and Urban
 Development, Current Construction Reports, Series C25,
 Characteristics of New Housing, annual; and
 New One-Family Houses Sold, monthly; publications discontinued in 2001. See
 "New Residential Sales" at
 <http://www.census.gov/const/www/newressalesindex.html>.
                                                                                                                                        6/16/2011
Definitions

Financing, type of. The type of financing tabulated in this
survey is the type reported at the time the original sales
agreement was signed or deposit accepted. However,
changes in the type of financing do occur between the
original contract signing and final settlement. These changes
are not reflected in the tables.

The FHA and VA type-of-financing data presented
tend to differ from those published directly by those
agencies. For the actual number of FHA-insured and
VA-guaranteed loans made for new houses at the time of
final settlement, refer to the publications of the respective
agencies. The data differ because of the difference in time
periods between the signing of the original sales contract,
the start of construction, and the insurance or guarantee of
the mortgage, as well as the sampling variability in this
survey.

Early in 1995 the Farmers Home Administration was
reorganized. As part of this reorganization the Rural Hous-ing
Service now handles the mortgage functions formerly
done by the Farmers Home Administration.

New houses sold. The category, houses sold, includes
all houses for which a sales contract has been signed or a
deposit accepted. This includes houses for which a sales
contract is signed or deposit accepted before construction
is actually started; for instance, houses sold from a model
or from plans before any work is started on the footings or
foundations. It also includes houses sold while under
construction or after completion; that is, houses built on
speculation.

Sale. The sale of the new house occurs with the signing of
a sales contract or the acceptance of a deposit. This survey
does not follow through to the final stage of the sales
transaction. Land must be included in the transaction.

Sales price. The sales price used in this survey is the
price agreed upon between purchaser and seller (and
reported by the latter) at the time the first sales contract is
signed or deposit is made for the house. The sales price
does not reflect any subsequent price changes resulting
from change orders or from any other factors affecting the
price of the house. Furthermore, the sales price does not
include the cost of any extras or options paid for in cash by
the purchaser or otherwise not included in the original
sales price reported by the seller.
Hous-ing




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