New home sales fell 7% in December
· Sales of new homes plummeted 35.9% in the West and 17.6% in the Northeast. New-home sales rose 4.9% in the South and 6.3% in the Midwest, which are generally more affordable markets. The median sales price of a new home fell 2.7% from a year ago to $308,000.
Home price increases speed up in third quarter, hit new peak Swift gains in fourth quarter push home prices to peak levels – Thirty-one metro areas in the fourth quarter (17 percent) experienced double-digit increases – an increase from 14 percent in the third quarter. For all of 2016 an average of 87 percent of measured markets saw increasing home prices, up from the averages in 2015 (86 percent) and 2014 (75 percent).
. U.S. sales of new homes fell in December for a second consecutive month but even with the pause at the end of the year, sales for all of 2013 climbed to the highest level in five years. Sales of.
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The numbers: New-home sales ran at a 626,000 seasonally adjusted annual rate in May, the Commerce Department said Tuesday..
Sales of new single-family homes in December 2007 fell 4.7% in December from the month before to their lowest level since April 1995, according to the U.S. Commerce Department.
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The median sales price of new home sold in December was $318,600. The average sales price was $377,000. As of the end of December, there were about 344,000 new homes available for sale, about a 6.6 month supply at the current sales rate.
A majority of Americans think the real estate market will crash soon. But there. The Case-Shiller national index hit record highs in December 2016. Price increases were concentrated in seven urban areas.. New home sales have fallen 22% between November 2017 and September 2018.. A bank owned for sale sign.
Sales of new single-family houses in the United States dropped 7.8 percent from the previous month to a seasonally adjusted annual rate of 626 thousand in May 2019, while markets had forecast a 1.9 percent increase to 680 thousand. That was the lowest level since December despite lower mortgage rates.
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New home sales in the U.S. lost steam in December but wrapped up a solid year in a segment of the housing market that has faced tight inventory and fast-rising prices..
The median sales price of a new home in December was $318,600, a 7.2 percent drop from a year ago. Sales increased in December in the Northeast, South and West. But purchases fell in the Midwest.
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According to their analysis, new home sales reversed course from November, moving forward 3.7% in December. In fact, sales of new single-family houses increased to 621,000. Although this is up from November’s revised rate of 599,000, December’s sales still fell 2.4% below the previous year’s level.