New-home sales fall to nine-month low while supply rises

U.S. new-home sales hit 9-month low as supply rises Jeff Kearns and Katia Dmitrieva , Bloomberg News A "For Sale" sign is displayed in the window of a new house at a Ryan Homes Inc. development in Gibsonton, Florida, U.S., on Thursday, May 24, 2018.

U.S. New Home Sales Fall to Nine-Month Low While Supply Rises Home prices rise in the second quarter, although it’s the slowest rise in four years.

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New-home sales, which account for about 10% of the residential market, are tabulated when contracts are signed. That makes them a timelier barometer than transactions on existing homes. Sales of previously-owned homes declined in December while closing the strongest year since Y 2006, National Association of Realtors data showed Tuesday.

New Home Sales Rise For 7th Month Out Of 8 May 24, 2012 in Housing Analysis , Uncategorized 0 by mstam@desertspringsfinancial.com The April New Home Sales report suggests that the market for newly-built homes is as strong as the market for existing ones.

Economists polled by MarketWatch had forecast new home. nine-month high of $240,200 in June. Yet total sales of new homes are still 0.9% lower compared to one year ago and the number of properties.

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New-Home Sales Plunge 9.4 Percent to 7-month Low. Still, sales declined 8.9 percent on a year-on-year basis, the first annual drop since February 2016. July’s sales pace was below the second-quarter average of 613,000 units. Sales fell in the Northeast, South and West, but rose in the Midwest.

Economists had been looking for sales to fall to a rate of about 825,000, a level that would have been a seven-year low. Even with the. posted only a 0.6 percent rise, while the Midwest and.

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The median forecast of 76 economists surveyed by Bloomberg called for the pace to fall. while record-low temperatures for any February were reached in Chicago, Buffalo and Cleveland. The supply of.