New-home sales unexpectedly jump to highest level since 2007

New-home sales unexpectedly jump to highest level since 2007. Single-family home sales rose 18.9% month-to-month to a 667,000 annualized pace (the estimate was 554,000), the strongest since October 2007. Purchases in the South surged 25.8% month-to-month to a 405,000 rate, the fastest since July 2007.

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Sales of U.S. single-family homes unexpectedly rose in October, reaching a new milestone and offering a boost to the housing market. New Home Sales Just Hit Their Highest Level in a Decade Subscribe

U.S. New Home Sales Unexpectedly Jump To Ten-Year High In October. With the unexpected increase, new home sales reached their highest annual rate since hitting 727,000 in October of 2007. The unexpected jump in new home sales was partly due to strength in the Northeast, where new home sales spiked by 30.2 percent to a rate of 56,000.

Sales of previously owned U.S. homes unexpectedly increased in November to the strongest level since early 2007, ahead of a jump in borrowing costs. of skilled labor and available lots in the.

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The Commerce Department said new home sales increased 6.2 percent to a seasonally adjusted annual rate of 685,000 units in October, the highest level since October 2007. September’s sales pace.

New home sales unexpectedly jumped in March, according to the Department of Commerce. Sales of new single-family houses rose 5.8% at a seasonally adjusted annual rate of 621,000, the highest since last August. Economists had forecast that new home sales fell by 1.4% at a seasonally adjusted annual rate of 584,000, according to Bloomberg.

U.S. purchases of new homes unexpectedly surged in September to the highest level in a decade as activity accelerated in the South after hurricanes Harvey and Irma, according to government data.

Purchases of new U.S. homes surged in December to the highest level in 10 months, closing out the best year for housing since 2007. Sales jumped 10.8 percent. mortgage rates combined to push.

New Home Sales Unexpectedly Jump in October.. U.S. new home sales unexpectedly jumped in October, bolstering optimism over the health of the real estate sector, official data showed on Monday.

WASHINGTON – Sales of newly built, single-family homes rose 12.4% in July from a downwardly revised June reading to a seasonally adjusted annual rate of 654,000 units, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This is the highest reading in almost nine years.

Homebuilders slide after March sales miss, D.R. Horton downgrade Homebuilder stocks are slipping after sales of previously owned homes fell more than forecast in March and KBW cut its rating on D.R. Horton shares. stocks april 23 Stocks April 23

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