New-home sales climb for a third straight month in March

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U.S. new home sales fall for third straight month in February. At February’s sales pace it would take 5.9 months to clear the supply of houses on the market, the most since August 2017 and up from 5.8 months in January. About two-thirds of the houses sold last month were either under construction or yet to be built.

Notably, sales of new homes in the United States jumped to a 16-month high in March, marking the third straight monthly increase. dropped in March for the fourth time in five months, while new-home.

Existing-Home Sales Climb 1.1 Percent in March News provided by. National Association of Realtors. fixed-rate mortgage increased for the sixth straight month to 4.44 percent in March.

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The median sales price has increased just 1.2 percent over the past year to $311,400 in March. New-home sales jumped last month in the Northeast and West, grew modestly in the South and fell in the Midwest. Residential construction firms have added 112,600 workers over the past year, a 4.2 percent increase.

Americans stepped back from buying new homes in March, the third straight monthly decline as sales plunged sharply in the Western states. New-home sales slipped 1.5 percent last month to a seasonally.

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.

WASHINGTON (Reuters) – Sales of new U.S. single-family homes rose to a near 1-1/2-year high in March, boosted by lower mortgage rates and house prices. The third straight monthly. home sales in the.

Unsold inventory is at a 3.6-month supply at the current sales pace (3.8 months a year ago). According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage increased for the sixth straight month to 4.44 percent in March (highest since 4.46 percent in December 2013) from 4.33 percent in February.

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Unsold inventory is at a 3.6-month supply at the current sales pace (3.8 months a year ago). According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage increased for the sixth straight month to 4.44 percent in March (highest since 4.46 percent in December 2013) from 4.33 percent in February.

New Home Sales topped estimates, climbing to a sixteen-month high as lower mortgage. was a drag on GDP growth for the fifth straight quarter while non-residential investment in structures was.

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