The National Association of Realtors is reporting that pending home sales declined 1.3% in April, marking their lowest level over the past year. The NAR’s Pending Home Sales index declined 1.3% to 106.4 in April, down from March’s revised number. A sale is listed as pending when the contract has been signed but the transactionRead More
The boost in mortgage applications and falling prices notwithstanding, new home sales in May tanked 7.8% month-over-month, following a 6.9% drop in April. It was the biggest decline since last.
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New home sales, which account for about 10.5 percent of housing market sales, decreased in the West (-35.9 percent to 125 thousand) and Northeast (-17.6 percent to 28 thousand), but rose in the South (4.9 percent to 389 thousand, the highest level since July 2007) and Midwest (6.3 percent to 84 thousand).
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April 2014 headline new-home sales (counted based on contract signings, Census Bureau), and in the context of annual seasonal-adjustment revisions, rose by a statistically-insignificant 6.4%, following a revised 6.9% decline in March, and a revised 4.4% decline in February.
New single-family home sales are 13.9% above the 1963 start of this data series. The population-adjusted version is 34.9% below the first 1963 sales and at a level similar to the lows we saw during the double-dip recession in the early 1980s, a time when 30-year mortgage rates peaked at 18.63%.
April new home sales down 1.5%. Sales remained unchanged in the Midwest and dropped 7.9% in the West after a very strong March reading. The inventory of new home sales for sale was 300,000 in April, which is a 5.4-month supply at the current sales pace. The median sales price of new houses sold was $312,400.
April Comex gold futures last traded at $1,295.30 an ounce, down 1.09% on the day. New home sales are down 4.1% compared to January 2018. Looking at home prices, the report said that median sales price of new houses sold in January 2019 was $317,200; meanwhile, the average sales.
New single-family home sales increased to a seasonally adjusted annual rate of 662,000 in April, according to the U.S. Census Bureau and the Department of Housing and Urban Development. The April level was 1.5% below the downwardly revised March rate of 672,000 and 11.6% above the April 2017 estimate.