New-home sales declined more than forecast in December

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.

Single family housing starts fall to lowest rate in over a year Mortgage closing usually takes place 30-60 days after the sales contract is closed. . This page provides the latest reported value for – United States Existing Home Sales – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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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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Sales at U.S. retailers dropped more than forecast in August, indicating a pause in recent consumer-spending strength that has carried the economy. Retail sales decline in August by more than forecast

(Bloomberg) — U.S. purchases of new homes declined more than projected last month and were revised down in the prior period, showing the market returned to a less exuberant pace as the year drew t.

The Commerce Department said new home sales declined 9.3 percent to a seasonally adjusted annual rate of 625,000 units last month. The percentage decrease was the largest since August 2016. Unseasonably cold temperatures at the end of December probably also hurt sales.

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It was a blue Christmas for retailers, with sales well down last December – the second consecutive month of decline. Takings at the till were 6 per cent below those of the same month in 2017, a far.

New-home sales declined more than forecast in December. The median sales price increased 2.6% year-over-year to $335,400. The supply of homes at the current sales rate rose to 5.7 months from 4.9 months; 295,000 new houses were on market at the end of December. Purchases totaled 608,000 in 2017, up from 561,000 a year earlier.

Urbanization of the overall economy reflects on new housing starts Builders broke ground on fewer homes in July, but new-home construction continues to grind slowly and steadily higher, supporting a gradually improving housing market. Housing starts ran at a 1.16.

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

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