Archive for the ‘New Homes’ tag
New Homes Sales Continue to Fall, Down 2.5% in May
After five months of declines in the pace of new home
sales, April’s uptick appears to have been temporary as new home
sales in the U.S. continued to fall back 2.5% down in May, declining to
512k, in line with expectations from economists.
This follows an upwardly revised reading of 525k in April.
U.S. New Home Sales Rise 3.3% in April after March Revision
New home sales in April rose for the first time in
five months, increasing 3.3% to 526k following a downward revision of the
March reading to 509k. The previous month’s reading was previously
reported as 526k, which was the lowest level since October 1991.
Economists had expected a reading of 523k.
The median sales price of new houses sold in April
was $246,100, up from March’s revised median of $225,500. From a year
ago, the median price of new homes has risen…
U.S. New Homes Sales Plummet 8.5% in March to Lowest Level Since 1991
New home sales in the U.S. were down for the fifth
consecutive month in March, falling by 8.5% to 526k, much lower than the
580k level expected by economists, and setting a new low since
October 1991. Inventories soared from already-worrying
levels.
Regionally, new home sales fell across the board…