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.
New home sales decline in May Tuesday, June 25, 2019 [Washington] Sales of newly built, single-family homes fell 7.8 percent to a seasonally adjusted annual rate of 626,000 units in May, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Home improvement and construction product sales are. 4.62 million in January, 4.6 million in February and 4.59 million in March. In fact, sales in March represented a year-over-year decline of 7.5%.
· Sales in January were also down 8.5 percent from last year, when sales were 5.40 million. The decline indicates that the market needs more than lower mortgage rates to recover.
Millennial mortgages close rapidly as low rates raise purchasing power "Of the millennials who most recently moved there, they can afford to purchase nearly 15% of the homes listed for sale," says the study. "This is in comparison to neighboring Los Angeles, where millennials can only afford to buy 4% of listed homes."
The Commerce Department said Wednesday that new-home sales rose 2 percent last month. which reversed a stiff 32.7 percent decline in January that had cut into overall sales. Homes: What you can buy.
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 Price. The median sales price of new houses sold in June 2018 was $302,100. The average sales price was $363,300. For Sale Inventory and Months’ Supply. The seasonally-adjusted estimate of new houses for sale at the end of June was 301,000. This represents a supply of 5.7 months at the current sales rate.
Sales of new homes in January fell to the weakest pace since October, driven by a decline in the Midwest as still-elevated prices keep buyers on the sidelines. Single-family home sales fell from the prior month to a 607,000 annualized pace, according to a government report Thursday that was delayed two weeks by the partial government shutdown.
· WASHINGTON (AP) – Sales of new U.S. homes plummeted 8.9 percent in October, as the number of newly built, unsold homes sitting on the market climbed to its highest level since 2009.
The Commerce Department said Wednesday that new-home sales rose 2% last month to a seasonally adjusted annual rate of 512,000. All of the increase came from 38.5% surge in purchases in the West, which.
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