New U.S. single-family home sales unexpectedly fell in July, dropping to their lowest in seven months amid a surge in prices, raising concerns of a slowdown in the housing market recovery.
Decline In New Home Sales In July By Danushka Nanayakkara-Skillington on August 23, 2018 (). Contracts for new, single-family home sales declined in July, falling 1.7% to a 627,000 seasonally adjusted annual rate according to estimates from the joint release of HUD and the Census Bureau.
This page provides national and regional data on the number of new single-family houses sold and for sale. It also provides national data on median and average prices, the number of houses sold and for sale by stage of construction, and other statistics.
The Commerce Department said on Wednesday new home sales dropped 5.5 percent to a seasonally adjusted annual rate of 553,000 units last month. That was the lowest level since December 2016. August’s.
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.
· Sales of new homes dropped by 8.3 percent in August from July, the Commerce Department reported Thursday, driving down sales to a seasonally adjusted annual rate of 795,000 units.
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Home sales were down nearly 9 percent on the year as real estate struggled in July. Home sales were down nearly 9 percent on the year as real estate struggled in July..
· The drop in new home sales in September was due to a sharp 40.6% fall in sales to 19,000 in the Northeast, where sales had jumped by nearly 48% in August, and a.
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New home sales decline to 8-month low in August. 10:00 AM ET Tue, 26 Sept 2017. CNBC’s Diana Olick reports the latest read on new home sales.
The Existing-Home sales data measures sales and prices of existing single-family homes for the nation overall, and gives breakdowns for the West, Midwest, South, and Northeast regions of the country. These figures include condos and co-ops, in addition to single-family homes.
Sales of newly built homes pulled back in August after surging the prior month, though the broader trend showed solid momentum in the market for single-family houses.
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