New-home sales dropped in July after solid first-half run

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NEW YORK ( TheStreet) — Sales of newly constructed homes plunged in July, even as more inventory hit the market. According to the census bureau, new home sales dropped 13.4% in July to a.

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US Housing Market Slump Continues: New Home Sales Tumble In July. Following yesterday’s hope-crushing drop in existing home sales (weakest since Feb 2016), new home sales were expected to rebound 2.2% MoM after crashing over 5% in June, but they didn’t as new home sales tumbled 1.7% mom (after.

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At first glance, Ford’s July U.S. sales report provides more cause for concern. Ford reported a drop in deliveries and an. Transit vans nearly tripled in July after rising a far more modest 7.5% in.

A larger-than-forecast decline in new-home purchases in April from the strongest pace in almost a decade indicates a pause in demand in the midst of the busy spring selling season, government data showed tuesday. single-family home sales decreased 11.4% to a 569,000 annualized pace (the median forecast called for a 610,000 rate).

New home sales took a 9.4 percent tumble in July. They also tumbled 8.9 percent over the year. Furthermore, the trend in median new home prices flattened in 2017 after a long upward trajectory.

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New Home Sales Rebound as Price Run-Up Continues. And even though May’s new home sales were solid, real estate activity also has been weighed down by soft showings in building permits and.