New-home sales decline in January to three-month low

New-home sales decline in January to three-month low

 · The reporting of February new-home sales activity remained unstable in a broad pattern of low-level bottom-bouncing. Neither the 4.6% monthly decline nor the 12.3% year-to-year gain was statistically significant.

New Home Sales Drop 7.8 Percent to 5-Month Low in January. Economists polled by Reuters had forecast new home sales, which account for nearly 10 percent of the housing market, rising to a pace of 645,000 units last month. Sales tumbled 33.3 percent in the Northeast to their lowest level since August 2016.

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 · New-home sales declined to a three-month low in January, falling 6.9% to a seasonally adjusted pace of 607,000, the Census Bureau reported Thursday. This fell short of consensus estimates for an annualized pace of 622,000, based on Bloomberg data. New-home sales for the month prior were upwardly revised by 31,000 to 652,000.

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New home sales took a tumble for the second month in a row, falling 7.8 percent from December to a seasonally adjusted annual rate of 593,000 units. Year-over-year it was a more modest decline.

 · Autumn and Winter Slowdown. Every year as the school year begins homes sales invariably decline in September from August. In the past 15 years, the average decline has been 16.4 percent. In October, home sales generally hold on. Then in November, home sales dip again, by 8 percent generally. December figures tend to match the low November figures.

New Home Sales Fall 3.4 Percent in August September 26, 2017 Sales of newly built, single-family homes in August fell 3.4 percent to a seasonally adjusted annual rate of 560,000 units from an upwardly revised july reading, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

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New-home sales decline. New-home sales hit a more than two-year low in October, falling steeply across most regions, according to the U.S. Census Bureau. Sales were on an annual pace of 544,000, the slowest rate. Sep 26, 2018 10:45 ET. New-home sales hit a three-month.

WASHINGTON, March 23 (Reuters) – Sales of new U.S. homes sank to a record low. a new home plunged 13.9 percent last month to $202,100, the lowest since December 2003. Compared with February last.

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Decline in homebuilding, permits and housing completions in September contributed to these low. New home sales have declined for four-straight months now. New homes available in the market was up 2.

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