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

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New Home Sales Decline By Michael Neal on May 23, 2018 Sales of new homes fell by 1.5 percent over the month of April to a seasonally adjusted annual rate of 662,000.

Sales of newly built homes in particular fared even worse this February, with a decline of 43.9 percent from the month’s historical average of new home sales. Bay Area home sales were at an 11-year.

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After two months of declines, US existing-home sales increase in February. by Claire Brennan March 22, 2018. After two consecutive months of decline, existing-home sales around the country rebounded by 3 percent from January, according to the National Association of Realtors.. Existing-home sales grew from 5.38 million in January to 5.54 million in February and are currently up 1.1 percent.

New home sales shot up 6.1% in February aided by 39% jump in the mid-west but a 21.4% decline in the Northeast. Sales came in just a bit below the top Econoday estimate. New home sales shot 6.1 percent higher in February to a 592,000 annualized rate that easily beats the Econoday consensus for 565,000 and is near the top estimate of 600,000.

Declining due to lack of housing inventory. existing home sales decreased in January, seeing the largest annual decline in more than three years, according to the latest release from the National Association of Realtors. Total existing home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops,

The current supply of new homes on the market would now take 4.9 months to sell at December’s sales rates and this is a -9.3% decline from a year ago. November showed a 4.5 month time window to sell the new home. The amount of new homes for sale was 151,000 units, annualized and seasonally adjusted, an increase of 1.3% from last month.

Housing Bubble 2.0 - Homeownership Holds - Rental Rate Record - Sales Decline & Home Profit Down New home sales in the midwest slipped in June to a seasonally-adjusted annual rate of 56,000 homes, a decline of 11.1 percent from the month before when sales were at a rate of 63,000 homes, according to a report just released by the U.S. Commerce Department.

In January 2018, 51% of new home sales. three-month moving averages for regional HMI scores, the Northeast posted a five-point gain to 48, the South was up three points to 66 and West increased two.

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