New-home sales fall to nine-month low while supply rises

while new home sales gained 6.2 percent to 433,000 in October, representing the strongest pace since the fall of last year. More encouraging was that the months’ supply for existing homes posted a.

U.S. new home sales fall to seven-month low ( submitted 1 year ago by mberre.. but when I looked into the reasons WHY new home sales are so low, it’s awful discouraging.. Never because US construction costs continue to rise making new supply impractical for anything but luxury.

U.S. new home sales fall to 6-month low New single-family home sales in the United States fell in August to a 6-month low but the supply of homes available on the market dropped to a record low

An index tracking banking stocks slid to a fresh nine-month low. Investor jitters spread to other financial. regulator planned to introduce a lottery system to govern new home sales, a sign.

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The Commerce Department said on Wednesday new home sales declined 9.4 percent to a seasonally adjusted annual rate of 571,000 units last month, the lowest level since December 2016.

U.S. New Home Sales Fall to Nine-Month Low While Supply Rises Home prices rise in the second quarter, although it’s the slowest rise in four years.

Home sales hit 6-month low, supply rises. It was the second straight month of declines. The drop was smaller than economists had expected, but the April sales figure was revised lower, leaving a report that was largely in line with expectations in financial markets. While the fall in sales last month was partly due to tornadoes and flooding,

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US New home sales unexpectedly Fall. The average sales price jumped to USD 394,300 in July from USD 372,400 a year earlier. The stock of new houses for sale went up 2 percent to 309 thousand, the most since March of 2009. This represents a supply of 5.9 months at the current sales rate.

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The median price, that is, the point at which half the homes sell for more and half sell for less, had shown declines earlier in the fall. months’ supply in November, compared to 6.7 months in.

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