New homes sales tumble 11.4% in March

New homes sales tumble 11.4% in March

Home Seriously underwater homes rise, new-home sales tumble.. the Census Bureau said Thursday that new-home sales took a nosedive in March. Sales toppled by 11.4% for the month after climbing by 5.6% in February.

WASHINGTON – Sales of new U.S. homes plummeted in March, as the spring buying season opened with sharp declines in the Northeast and South. The Commerce Department says new-home sales fell 11.4.

WASHINGTON (Reuters) – U.S. home sales fell more than expected in March as rising demand stoked by declining. A survey last week showed that while builders reported strong demand for new homes in.

Data from the Census Bureau showed that new home sales rebounded and rose 6.8% to an annual rate of 517,000. Economists had expected that new home sales rose 5.0% to an annual rate of 505,000. In.

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This is 6.9 percent (14.0 percent)* below the revised March rate of 723,000, but is 7.0 percent (12.4 percent)* above the April 2018 estimate of 629,000. Sales Price The median sales price of new houses sold in April 2019 was $342,200. The average sales price was $393,700. For Sale Inventory and Months’ Supply The seasonallyadjusted.

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Sales of new single-family houses in March 2015 tumbled back down to a seasonally adjusted annual rate of 481,000, 11.4% below last month’s revised estimate of 543,000, the latest report from.

New Homes Tampa FL - Tips For Buying New Homes In Tampa FL - New Home Professional Lance Mohr New-home sales tumble | South Salem Real Estate | Buying. – In April, the median sales price for a new home was $309,200, down from $318,700 in March and $321,300 in the year-ago period. As the pace of selling decelerated, there were 5.7 months’ worth of homes available, up from 4.9 months in March.

And in another bright spot, the inventory of homes available for sale last month fell to 3.29 million units, the lowest since March 2006. At December’s sales pace, that represented 7.2 months’ worth.

WASHINGTON (AP) – U.S. sales of new homes last month registered the biggest drop in more than two years. The Commerce Department said Tuesday that new-home sales skidded 11.4 percent in April to.

Fixed-rates on mortgages rise at fastest pace since 1987 Mortgage rates plummet at the fastest pace in 10 years on economic growth fears. and 22-basis point slide was the biggest weekly decline since June 2009.. versus a 6.28% rise in the.

Sales of new single-family homes tumbled 11.4% to an annual rate of 481,000 in March, pulling back from a seven-year high reached in the prior month and hitting the slowest pace since November.

But a housing market turnaround is far from a lost cause. The industry seems to be reaching a sort of equilibrium. Compared to last February, new home sales were up 11.4%. And their prices are at an eight-month high, with the median price of a new property up 6.2% year-over-year to $233,700 in February.

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