New-home sales declined in April as demand fell in West

New Listings Fell Nationwide in April as Home Sales Declined in the West. Overall home inventory continued to decline for the seventh month with a 3.2 percent year-over-year drop. What stood out in April was a 1.1 percent year-over-year decline in new listings for the first time since August 2014.

Affordability keeping some from listing their homes for sale

U.S. new home sales fall more than expected in April – Reuters – New home sales in the South, which accounts for the bulk of transactions, declined 7.3% in April. Sales in the Midwest dropped 7.4% and those in the West tumbled 8.3%.

New-home sales declined in April as demand fell in West. Purchases decreased to a 176,000 annual rate in the West and rose 0.3% in the South to a 355,000 pace. February home sales were revised down to a 659,000 rate from the previously reported 667,000. The report was released jointly by the Census Bureau and Department of Housing and Urban Development.

New Home Sales Post Solid Rate of 673,000 in April. Sales of newly built, single-family homes fell 6.7 percent to a seasonally adjusted annual rate of 673,000 units in April. May 23, 2019 Confidence in Apartment and Condo Housing Sectors Weakens in First Quarter of 2019

The median home price fell 2.7% year-over-year to $308,000. Lower new home. Sales of new homes priced above $300,000.

Mortgage application volume drops after rate hike Why bank stocks ended Mixed After Fed Turned More. – The Fed on Wednesday said it expects three rate hikes next year, up from the two it forecast in September. The central bank also raised its target range for the federal funds rate to 0.5%-0.75%.

New-Home Sales Declined in April as Demand Fell in West. U.S. New-Home Sales Declined in April as Demand Fell in West. Bloomberg the Company & Its Products The Quint. Bloomberg. Bloomberg | Quint is a multiplatform, Indian business and financial news company. We combine Bloomberg’s global.

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New home sales fell for the second straight month in May but the good news is that sales of homes priced below $300,000 rose sharply, indicating perhaps that more first-time buyers are able to get.

WASHINGTON (Reuters) – Sales of new U.S. single-family homes fell. April’s decline came after three straight monthly increases. Sales dropped in the South, the Midwest and West, but surged in the.

U.S. purchases of new homes fell in April, reflecting a setback in the western part of the country and indicating rising borrowing costs and property prices may limit the market’s progress, according.

The yield on the benchmark 10-year treasury note fell below. housing market. New home sales in the South, which accounts for the bulk of transactions, declined 7.3% in April. Sales in the Midwest.