New-home sales climb for a third straight month in March

Consumers are more confident in housing than ever before: Fannie Fannie Mae’s Home Purchase Sentiment Index reached a new all-time survey high, which indicated that consumers are confident about the housing market. Stephen Eastman, Retirement Funding Solutions, NMLS# 485909

The median sales price has increased just 1.2 percent over the past year to $311,400 in March. New-home sales jumped last month in the Northeast and West, grew modestly in the South and fell in the Midwest. Residential construction firms have added 112,600 workers over the past year, a 4.2 percent increase.

Bloomberg News New-home sales rose 4.5 percent in March Sales of new U.S. homes rose 4.5 percent in March, the third straight monthly gain as the housing market appears to be cautiously recovering.

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Unsold inventory is at a 3.6-month supply at the current sales pace (3.8 months a year ago). According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage increased for the sixth straight month to 4.44 percent in March (highest since 4.46 percent in December 2013) from 4.33 percent in February.

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Food and beverage stores saw sales climb. March will provide some lift in the second quarter, and stronger prints for May and June are likely given the strong labour market in 2019,” Dahms wrote..

Sales of new homes in the United States forged higher for the third straight month in March, hitting the fastest pace since July, the Commerce Department reported on April 25, 2017.

The Commerce Department said on Wednesday new home sales decreased 5.3 percent. data has weakened in recent months, with homebuilding falling to a nine-month low in June and home resales declining.

US new-home sales rose to a 16-month high, climbing 4.5% in March USA TODAY Money – Yan Zhang Sales of new U.S. single-family homes climbed 4.5% in March, reaching a 16-month high, as falling mortgage rates and prices and stronger wage gains bolstered demand.

Finally beginning to feel the tailwinds from lower mortgage rates, existing home sales accelerated for the third straight..

May New Home Sales: Slowly But Steadily, New Home Sales Climb Higher. New home sales rose to an annual rate of 689,000 units in May from April’s revised sales rate of 646,000 units. Months supply of inventory stands at 5.2 months; the median new home sale price fell by 3.3 percent on a year-over-year basis.

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WASHINGTON – Sales of new U.S. homes increased 4.5% in March, the third straight monthly gain as the housing market appears to be cautiously recovering from a mortgage rate spike last year that.