New-home sales decline in January to three-month low

The Commerce Department said new home sales dropped 6.9% to a seasonally adjusted annual rate of 673,000 units last month. That followed March’s sales pace of 723,000 units, which was the highest.

Sales of new homes in January fell to the weakest pace since October, driven by a decline in the Midwest as still-elevated prices keep buyers on the sidelines. Single-family home sales fell from the prior month to a 607,000 annualized pace, according to a government report Thursday that was delayed two weeks by the partial government shutdown.

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Existing home sales decreased in January, seeing the largest annual decline in more than three years, according to the latest release from the National Association of Realtors.

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Sales of new homes in the U.S. fell 3.3% in February to a five-month low, as higher mortgage rates and home prices and bitterly cold weather took a bite out.

The Commerce Department said Wednesday that new-home sales rose 2 percent last month. which reversed a stiff 32.7 percent decline in January that had cut into overall sales. The rebound likely.

The average sales price was $379,600, up from $358,000 in January. The seasonallyadjusted estimate of new houses for sale at the end of February was 340,000.

Sentiment among U.S. homebuilders rose for the first time in three months amid a decline. low. The partial U.S. government shutdown will delay the December housing-starts data, which would have.

New home sales drop to three-month low. NSW had the largest rise in sales of detached new homes in May, up 13.6 per cent, while South Australia rose 2.1 per cent. Queensland had the largest decline in sales, down 12.3 per cent, Western Australia was down 10.7 per cent and Victoria fell 8.5 per cent.

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Sales of new U.S. single-family homes fell more than expected and hit a five-month low in February, pointing to continued weakness in the housing market. Stay in the loop! Get breaking news and.

New home sales decrease to new 2017 low in August | 2017-09. – New home sales in August decreased to a seasonally adjusted annual rate of 560,000, a new low for 2017. However, housing inventory also increased, reaching 6.1 months at the current sales rate.

The Conference Board’s confidence index fell to a three-month low of 63.4 from a revised 72. Another report today showed home prices fell in January by the most in a year, raising the risk that.

Rising prices narrow home value perception gap in September Expectation vs Reality: Home Values Gap Continues to Widen in May – There remains a gap in home values if you were to ask homeowners and appraisers. This is according to Quicken Loans’ National Home Price Perception Index (HPPI) whose results for May 2017 showed this appraised value vs. estimated value gap widening for the past six months. On a national level, appraised home values were 1.93% lower than homeowners’ estimated values.