WASHINGTON (MarketWatch) – The sale of new single-family homes fell in August for the fourth month in a row, indicating that the depressed U.S. housing market shows no signs of recovery. Sales.
Regionally, new home sales rose 11.1 percent in the Northeast and 0.3 percent in the South. Sales remained unchanged in the Midwest and dropped 7.9 percent in the West after a very strong March reading. The inventory of new home sales for sale was 300,000 in April, which is a 5.4-month supply at the current sales pace.
US New home sales unexpectedly fall. The median sales price of new houses sold was USD 328,700 above USD 322,900 in the same month of the previous year. The average sales price jumped to USD 394,300 in July from USD 372,400 a year earlier.
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New-home sales dipped 6.9% from March to April but were up 7%. by the U.S. Census Bureau and the Department of Housing and Urban.
Housing economists were left scratching their heads this week over a National Association of Realtors report showing U.S. existing home sales fell in April. In the prior month, signed contracts to purchase a home, known as pending home sales, climbed to an eight-month high and were up by nearly 4% from the prior month.
U.S. new-home sales jump in April. that new-home sales climbed 6.8 percent last month to a seasonally adjusted annual rate of 517,000. Sales recovered from a 10 percent dip in March to an.
Homebuilders Gain Despite a Dip in April’s New Home Sales. Zacks Equity Research May 24, 2018.. April’s new home sales were up 11.6% year over year, while the same for March increased 8.8%.
U.S. Mortgage Rates Dip in Late July According to Freddie Mac’s latest Primary Mortgage Market Survey for mid-July, fixed mortgage rates in the U.S. reversed course once again and moving lower amid mixed economic and housing data.