New home sales fell 7% in December

 · Sales of new homes plummeted 35.9% in the West and 17.6% in the Northeast. New-home sales rose 4.9% in the South and 6.3% in the Midwest, which are generally more affordable markets. The median sales price of a new home fell 2.7% from a year ago to $308,000.

New-home sales ended 2013 on a weak note in the United States, underscoring threats to the housing rebound from rising prices and mortgage rates. Sales of newly built homes fell 7 per cent to a.

JPMorgan raises home price forecast, sees long road to recovery U.S. housing demand seen holding up despite rising rates While interest rates are expected to rise this year and wages will likely remain stagnant, buyers can look forward to a potential slackening in home prices during the crucial spring selling season.

Sales of new single-family homes fell in December, but the whole of 2013 saw the highest sales level in five years, the government reported Monday. Sales of new single-family homes dropped 7% in.

In a delayed report because of the month-long U.S. government shutdown, the U.S. Commerce Department said that new home sales increased 3.7% in December, to a seasonally adjusted annualized rate of 621,000 homes. According to consensus forecasts, economists were expecting to see a modest drop to 597,000 units.

Most of the housing data from November and December was terrible, Seasonally adjusted new home sales were 657,000 in November as you can. As the chart shows, the monthly supply of homes fell from 7 to 6 months.

New-home sales rose 4.9% in the South and 6.3% in the Midwest, which are generally more affordable markets. The median sales price of a new home fell 2.7% from a year ago to $308,000. Still, there.

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New home sales gain 3.7% in December, vs. estimate for 8.7% decline March 5, 2019 admin Economy 0 Sales of new U.S. single-family homes rose to a seven-month high in December, but November’s outsized jump was revised lower, pointing to continued weakness in the housing market.

WASHINGTON-New-home sales in the U.S. declined in April. This was the largest month-on-month drop since December of last year. Economists polled by The Wall Street Journal had expected a smaller.

The median sales price of a new home fell 2.7% from a year ago to $308,000. Still, there are signs that sales could recover. Sales of existing homes – which are the bulk of the market – rebounded in May.

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The largest declines were seen on homes below £1 million, which fell 6.1%. prices have adjusted more quickly in higher price.

Kerri Ann Panchuk Kerri Ann Panchuk was the Online Editor of HousingWire.com, and regular contributor to HousingWire magazine. Kerri joined HousingWire as a Reporter in early 2011 and since earned a law degree from.