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New-Home Sales Are Recovering From Their 2018 Slump

U.S. Pending Home Sales Unexpectedly Slump 4.7% In January. – The report said new home sales plunged by 7.8 percent to an annual rate of 593,000 in January after slumping by 7.6 percent to an upwardly revised 643,000 in December. The continued decrease surprised economists, who had expected new home sales to jump by 3.2 percent to a rate of 645,000 from the 625,000 originally reported for the previous month.

New Home Sales measures the annualized number of new single-family homes that were sold during the previous month. This report tends to have more impact when it’s released ahead of Existing Home.

New home sales slump – The Australian – Daniel Palmer. New home sales slumped in July, offsetting a sharp gain in June and strengthening calls that the cycle may have peaked. The latest Housing Industry Association new home sales report showed a lacklustre market to begin the new financial year as sales weakened 9.7 per cent, with the industry body warning the numbers pointed.

New-home sales tick up as housing shortfall tops 4 million – Framers construct walls on a new home under construction. And the pace of sales in August was 12.7% higher than a year ago. But hefty revisions to prior months were all downward, a reminder that.

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Home builders are a buy again, says Wedbush – One of their favorite metrics, they said. We think the continued growth in this index is a useful sign of consumer.

New Home Sales Up Sharply; Prices Slump. They are up 15.2 percent ytd. There was a decline of 8.7 percent in sales in the West compared to the previous month, but the region managed to maintain an 0.6 percent edge on the May 2017 estimate. Year-to-date sales are 11.2 percent higher than the same period in 2017.

U.S. new-home sales climbed 4.5% in March | Lewiston Sun Journal – WASHINGTON – Sales of new U.S. homes increased 4.5% in March, the third straight monthly gain as the housing market appears to be cautiously recovering from a mortgage rate spike last year that.

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Construction spending peaked in the first quarter of 2018 and has since dropped 12%. The good news is that home sales have rebounded strongly in the past few months and have just breached a new.

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