New-home sales climb for a third straight month in March

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 · WASHINGTON (AP) – Sales of new U.S. homes increased 4.5% in March, the third straight monthly gain as the housing market appears to be cautiously recovering from a mortgage rate spike last year that caused homebuying to slump. The Commerce Department said Tuesday that new homes sold at a.

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Not saying you’re wrong per se, but if there’s a recession and people are getting laid off, how could that not impact real estate if people are getting foreclosed on due to not being able to pay their mortgages, and people are not able to bid home prices upwards because they don’t have their high paying jobs anymore?

The Commerce Department said new home sales dropped 6.9pc to a seasonally adjusted annual rate of 673,000 units last month. That followed March’s sales pace of. It was the third straight weekly.

Sales of new homes unexpectedly rose in March, climbing to a 16-month high to cap the first quarter with a third straight increase that reflects a boost from lower borrowing costs.

Existing home sales dipped in February, continuing a three-month-long run of declining sales activity, according to the National Association of Realtors (NAR).

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Good/Bad Housing Markets In 2014 May Be a Surprise

New-home sales in the US fell by much more than expected in April. Sales slumped by 11.4% at a seasonally adjusted annual rate of 569,000, the Census Bureau said in its monthly report.

Montreal home sales rise for a 50th straight month, gaining 11% in April. U.S. new-home sales climb for a third straight month in march. hong kong property tycoon gave away children’s US$400M inheritance.. Mike Newton’s top picks: march 28, 2019.