Existing-home sales plummet 15.3% in May

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Sales were at the lowest level since the total existing-home sales series launched in 1999, the report said. Single-family homes were at the lowest level since May of 1995, plummeting 27.1% in July to.

The lackluster sales data caused homebuilder confidence to plummet. Existing home sales slipped 0.6% to a seasonally adjusted annual rate of 5.38 million units last month, down 2.2% from June 2017,

Vancouver real estate prices are down, but still out of reach for many Existing-home sales fall for the second straight month in April. – Published: May 21, 2019 4:26 p.m. ET. The numbers: Existing-home sales ran at a seasonally adjusted annual 5.19 million rate in April, the National. For April, the MarketWatch consensus was for a 5.35 million selling pace, not a decline.

 · Nationwide single-family production fell 4.6% to 829,000 units due to a 15.3% decline in the hurricane-ravaged South. All other regions posted gains in the single-family sector, and nationwide single-family permits increased 2.4%.

 · At the current rate of sales, there is an estimated 5.2 months of supply, compared with just 4.3 months in June. The median sales price of new homes dropped $1,300 to $257,200 for July.

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The Canadian Real Estate Association reported Monday that existing home sales in the 26 municipal markets it tracks rose a seasonally adjusted 2.4 per cent in March over the previous month, but.

Lawrence Yun, NAR chief economist: “Based on the current uptrend with very favorable affordability conditions, rising apartment rents and ongoing job creation, existing-home sales should. is.

The number of home resales plunged by 1.4 million units in July, according to the National Association of Realtors’ Existing Home Sales report. It’s a drop of 27 percent from June; single-family home resales are at the report’s lowest levels since May 1999. Furthermore, because of the sharp drop in sales volume, home inventories are.

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Nationally, existing home sales dropped a record 27.2 percent in July, falling to an annual rate of 3.83 million units, the lowest level since May 1995, according to a National Association of Realtors.

Existing-home sales plummet 15.3% in May Existing-home sales fell 15.3% in May from a year ago, with the National Association of Realtors recording sales at the seasonally adjusted annual rate of 4.81 million units last month, down from.

Even with the march decline, the rate of housing starts was up 14.2% from the same. New construction may drive 2016's housing market. Existing home sales and prices are expected to slow to 3% year-over-year due to higher m. Additionally, the FHA share of total applications rose to 15.3% this week from 15.2%,