New-home sales declined more than forecast in December

March’s sales pace was revised up to 723,000 units, the highest level since October 2007, from the previously reported 692,000 units. April’s decline followed three straight monthly increases.

US New home sales fall Much More than Expected Sales of new single-family houses in the United States slumped 6.9 percent from the previous month to a seasonally adjusted annual rate of 607 thousand in January of 2019, following an upwardly revised 652 thousand in December and worse than market expectations of 620 thousand.

New-home sales tumble to a 10-month low in December as recovery remains rocky By. Even with a double-digit december decline, 2016 brought 12.2% more sales than 2015. New-home sales declined.

Sales of newly constructed homes plunged in December as the housing market’s recovery sputtered. New-home sales declined. than an upwardly adjusted November pace of 598,000 and 0.4% lower than a.

U.S. purchases of new homes fell more than estimated in September to the weakest pace since December 2016, adding to signs that a lack of affordability is crimping demand, according to government data.

WASHINGTON (Reuters) – Sales of new U.S. single-family homes fell more than expected in January. Department said on Thursday new home sales declined 6.9 percent to a seasonally adjusted annual rate.

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U.S. Existing Home Sales Rise in December Sales of New U.S. Homes Fell More Than Forecast in January – Purchases of new houses in the U.S. fell more than forecast. or new-home sales. We’re in a period where demand and supply will run well below average.” The median estimate of 70 economists surveyed.

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Sales of new U.S. homes unexpectedly declined in December for the first time in four. There is a chance that inventory could rise, hindering more progress for new home sales. banks may seize more.

New Home Sales Fall More Than Expected in April. More.. economists polled by Reuters had forecast new home sales, which account for about 10% of housing market sales, would decrease 2.8% to a.

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Single-family home sales declined by 9.3% month over month, the most since August 2016, to 625,000 on an annualized pace, according to government data released on Thursday, Jan. 25. U.S. new-home sales fell more than forecast in December

Purchases of new houses in the U.S. fell more than forecast in January, reflecting declines in the West and South that indicate a California tax credit and bad weather may have played a role.Sales declined 13 percent to a 284,000 annual pace, figures from the Commerce.