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

Declining due to lack of housing inventory. 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. Total existing home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops,

Builder Confidence Remains Strong as New Year Starts. The three HMI components registered relatively minor losses in January. The index gauging current sales conditions dropped one point to 79, the component charting sales expectations in the next six months fell a single point to 78, and the index measuring buyer traffic fell four points.

Existing home sales drop sharply, down 6.4 percent While the median price climbed in March, the average price of a new home in the United States declined by $14,500 or roughly 3.7 percent. This is the dilemma facing new home builders as mortgage interest rates now sit near 4-year highs.

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Real estate agents have said low housing inventory and economic uncertainty contributed to the decline. The median sale price of homes for the three-month period from November through January was.

January 7. A year ago, several experts predicted the new tax law would cause a. It is too soon to tell whether the recent decline is a temporary lull or a major pullback.. The National Association of Realtors expects home sales to flatten and home. home-builder confidence fell to its lowest level in more than three years.

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New home sales, which are drawn from permits, are volatile from month to month. The housing sector has shown signs of weakness recently, as data in January showed that existing home sales fell to.

New home sales decline to 8-month low in August. 10:00 AM ET Tue, 26 Sept 2017. CNBC’s Diana Olick reports the latest read on new home sales.

Existing-home sales ease more than forecast to 5.2 million Sales of previously owned homes eased more than forecast in March, suggesting the housing market is still finding its footing after a weak 2018. contract closings decreased to a 5.21 million annual rate, falling 4.9% from February’s downwardly revised pace , the National Association of Realtors said Monday.

Sales of newly built homes in particular fared even worse this February, with a decline of 43.9 percent from the month’s historical average of new home sales. bay area home sales were at an 11-year.

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U.S. home sales fell in January to their lowest level in more than three years. Last month, existing home sales fell in three of the country's four major. home communities, estimated to be 16 percent of U.S. new home sales.