New-home sales unexpectedly jump to highest level since 2007

WASHINGTON – Sales of newly built, single-family homes rose 12.4% in July from a downwardly revised June reading to a seasonally adjusted annual rate of 654,000 units, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This is the highest reading in almost nine years.

U.S. purchases of new homes unexpectedly surged in September to the highest level in a decade as. Single-family home sales rose 18.9% m/m to 667k annualized pace (est. 554k), the strongest since.

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New home sales, which account for about 10.5 percent of housing market sales, decreased in the West (-35.9 percent to 125 thousand) and Northeast (-17.6 percent to 28 thousand), but rose in the South (4.9 percent to 389 thousand, the highest level since July 2007) and Midwest (6.3 percent to 84 thousand).

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 · US new-home sales jump to highest level in more than 8 years. Americans ramped up their purchases of new homes in April to the highest level since January 2008, evidence of.

(Bloomberg) — U.S. purchases of new homes unexpectedly surged in September to the highest level in a decade as activity accelerated in the South after hurricanes Harvey and Irma, according to gove.

Purchases of new U.S. homes unexpectedly increased in March to an eight. building on last year’s new-home sales that were the strongest since 2007. While mortgage costs remain above pre-election.

They slipped in October after a healthy jump the previous month, according to the National Association of Realtors. Overall, home sales have increased 3.9 percent in the past 12 months.

Gain in median selling price reflected increased sales of homes priced at least $300,000. Sales jumped 15.8 percent in the South to a 352,000 annualized rate, the fastest since December 2007.

The median forecast in a Bloomberg survey called for a 560,000 rate. While the government’s new-home. unexpectedly climbed in June to the strongest level in more than nine years, helped by.