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New home sales fell 7% in December

FIRST PUPPY FALL! Sales of new single-family houses in the united states dropped 7.8 percent from the previous month to a seasonally adjusted annual rate of 626 thousand in May 2019, while markets had forecast a 1.9 percent increase to 680 thousand. That was the lowest level since December despite lower mortgage rates.

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New home sales were at a seasonally adjusted annual rate of 621,000 as of the end of December, an increase of 3.7% compared with November but down 2.4% compared with December 2017, according to the latest figures from the U.S. Census Bureau and U.S. Department of Housing and Urban Development.

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12 days ago · New-home sales rose 4.9% in the South and 6.3% in the Midwest, which are generally more affordable markets. The median sales price of a new home fell 2.7%.

New home sales fell in December, falling 7% below November’s revised rate of 445,000 sales to a seasonally adjusted annual rate of 414,000 units, the Commerce Department reported Monday. However,

New-home sales rose 4.9% in the South and 6.3% in the Midwest, which are generally more affordable markets. The median sales price of a new home fell 2.7% from.

New home sales fell in December, falling 7% below November’s revised rate of 445,000 sales to a seasonally adjusted annual rate of 414,000 units, the Commerce Department reported Monday.

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The median sales price of a new home fell 2.7% from a year ago to $308,000. Still, there are signs that sales could recover. Sales of existing homes – which are the bulk of the market – rebounded in May.

New home sales gain 3.7% in December, vs. estimate for 8.7% decline March 6, 2019 the_admin 0 Comments Sales of new U.S. single-family homes rose to a seven-month high in December, but November’s outsized jump was revised lower, pointing to continued weakness in the housing market.

Compared to one year earlier, December’s sales pace was up by 7.7%. The trade group attributed December’s jump in part to new mortgage rules that. of available housing for sale fell 12.3% to 1.79.

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