New-home sales unexpectedly jump to highest level since 2007

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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, National Association of Realtors data showed.

5/26/14 Sales of new U.S. single-family homes rose by more than expected 6.4% in April to a seasonally adjusted annual rate of 433,000 units, ending two months of declines.

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Meanwhile, U.S. service sector growth also unexpectedly slowed. was upwardly revised to 723,000 new home sales, the. 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.

U.S. new home sales jump to four-month high.. were unchanged in the Northeast and surged 43.8 percent in the Midwest to their highest level since October 2007. Sales fell 3.1 percent in the.

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.

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Sales of newly built US homes unexpectedly soared last month to the highest rate since 2007 in the latest sign of the strength of the housing market that has been bolstered by low mortgage rates.

From a year ago, sales were up 27.7 percent last month. At the same time, the median price of a new home increased a record 11.2 percent in August to $256,900 — the highest level since March 2007..

U.S. new home sales scale 10-year high; supply still tight. – 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.

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Sales in the South, which accounts for more than half of new home sales, jumped 18.1 percent to their highest level since July 2007. Sales were flat in the West, which has seen a sharp increase in.