New-home sales tumble to a 10-month low in December as recovery remains rocky By. Even with a double-digit december decline, 2016 brought 12.2% more sales than 2015. New-home sales declined.
Mortgage closing usually takes place 30-60 days after the sales contract is closed. . This page provides the latest reported value for – United States Existing Home Sales – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
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US New Home Sales Fall Much More than Expected Sales of new single-family houses in the United States slumped 6.9 percent from the previous month to a seasonally adjusted annual rate of 607 thousand in January of 2019, following an upwardly revised 652 thousand in December and worse than market expectations of 620 thousand.
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New-home sales declined more than forecast in December. The median sales price increased 2.6% year-over-year to $335,400. The supply of homes at the current sales rate rose to 5.7 months from 4.9 months; 295,000 new houses were on market at the end of December. Purchases totaled 608,000 in 2017, up from 561,000 a year earlier.
New Home Sales Hit Post-Recession High in November. average home price declined to $377,100. Managing rising construction costs in the months ahead will be a key challenge for housing affordability, as input costs increase. Indeed, strong sales growth was recorded in the $200,000 to $300,000 price class, with such sales up 30% for November 2017 compared to November 2016.
New home sales are projected. high benchmark in December 2015, and it is not yet clear if the recent rise in interest rates is having an impact on applications for new homes. Looking forward to.
U.S. new-home construction rebounded by more than expected in. Other reports have showed reason for optimism in housing at the start of 2019, as pending home sales rose by more than forecast in.
The latest home sales volume report for California shows 9% more homes. 43,300 new and resale home transactions closed escrow in California during May 2019.. after home prices bottom with the next recession, expected in 2020- 2021.. sales were recorded in 2006 than in 2005, while sales dropped an additional.
U.S. purchases of new homes fell more than estimated in September to the weakest pace since December 2016, adding to signs that a lack of affordability is crimping demand, according to government data.