New-home sales fall to nine-month low while supply rises

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October’s rise. sales price for a new home fell 8.6 percent to $217,800 from $238,400 in September – the sharpest month-over-month decline since September 1981. The price was down 13 percent from.

Sales of newly built single-family homes sank in June, although other recent housing data suggests underlying demand has picked up.

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A new analysis finds that liberalizing zoning rules and building more won't solve the urban. May 9, 2019. Prices-in this case, housing prices-rise when supply is limited. Add more supply, and housing prices fall, making housing more affordable for. supply and prices (with places that add supply having lower prices),

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 fell in November, a sign of unsteadiness in the housing market despite ultra-low interest rates and sturdy economic growth.

Forecast predicts boost in housing inventory, sales in 2018.. see a 2.5 percent uptick in existing home sales, a 3 percent rise in housing starts and a whopping 7 percent increase in new home.

annual rate Sales. rise. While affordability conditions remain positive and the labor market sees low unemployment, prospective home buyers face increased uncertainties as interest rates trend.

Hamptons homebuyers hold off while waiting for lower prices

Sales of new houses dropped in April from an 11-year high in March, according to a report from the Census Bureau and the Department of Housing and Urban Development. New-house sales fell 6.9% to a.

Purchases of new US homes fell in December to a 10-month low, suggesting the post-Election rise in mortgage rates pushed out potential buyers. Single-family house sales dropped 10.4%, the most in nearly 2 years, to a 536,000 annualized pace, the US commerce department data showed thursday.

New home sales fall to a record low By Ben. A consensus of economists surveyed by Briefing.com had expected January sales to rise to an annual rate of 354,000.. while filings rose 15%.

The supply of homes for sale increased to 5.8 months, the highest since September 2015, from 5 months in November. There were 259,000 new houses on the market at the end of December, the most since Y 2009. Economists’ estimates for the December sales rate ranged from 550,000 to 625,000.