New-home sales declined more than forecast in December

New-home sales declined more than forecast in December

The median forecast of 76 economists surveyed by Bloomberg called for 470,000 new-home sales at an annual. Existing home sales dropped more than expected in January as prices accelerated and.

We had a very disappointing report on December new home sales today. New home sales declined 10 percent in December from November to a seasonally adjusted annualized rate of 536,000. That December.

The report by Florida Realtors shows that year-over-year sales of single-family homes declined by more than a third in the Panama City metro area during the last quarter of last year. Sales of townhouses and condos were down almost 30 percent in the last quarter.

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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

"Looking at all of 2017, applications increased by 7.1 percent compared to 2016. Based on December applications, we forecast that new home sales fell in December but remained nearly 16 percent higher than a year ago, and we are anticipating only modest year over year growth for new home sales in 2018.

"Sales of existing homes in the U.S. fell more than forecast in December, capping the biggest yearly slump in more than a generation. Purchases fell 2.2 percent to an annual rate of 4.89 million, the National Association of Realtors said today in Washington. For all of last year, sales of single-family homes declined 13 percent, [.]

New-home construction in the U.S. unexpectedly fell in December. declined 2.5 percent to a 1.15 million annualized rate, from the prior month’s revised 1.18 million pace, a Commerce Department.

Home Prices in U.S. Decrease More Than Forecast December’s sales pace was revised higher to 652,000 units from the previously reported 621,000 units. Economists polled by Reuters had forecast new home sales, which account for about 11 percent of housing market sales, slipping 0.6 percent to a pace of 620,000 units in January.

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Purchases of new homes dropped more than forecast in January as contract signings slumped in the western United States by the most since May 2010. sales declined 9.2% to a 494,000 annualized pace.

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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.

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