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

New home sales get a boost, thanks to the West – 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.

At January’s sales pace it would take 6.1 months to clear the supply of houses on the market, the most since July 2014 and up from 5.5 months in December. The median price for a new home increased 2.5 percent in January to $323,000 from a year ago.

March home sales, prices decline in Connecticut. Home sales across Connecticut in March provided a weak lead-in to the state’s spring home buying season with sales and.

New-home sales tumble to a 7-month low. Lucia Mutikani, Reuters. Aug. 23, 2017, 10:24 AM. the unexpected decline in new-home sales suggests the housing market could be cooling.

It showed a notable monthly decline with sales falling 4.6% from January, but rising 12.3% above the level seen in February 2012. They still remain at a historically low level of 411K SAAR units. It’s.

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.

The western part of the U.S. saw the biggest decline in new-home sales, which plummeted 16.5% in January compared to a year ago. The South saw the smallest year-over-year decline in such sales.

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Sales of new U.S. single-family homes fell for a second straight month in January, weighed down by steep declines in the Northeast and South, which could raise concerns the housing market is.

New-home sales decline to eight-month low as prices fall Published. New-home sales, tabulated when contracts get signed, account for about 10% of the market.. U.S. incomes fell in January. – Sales of new homes fell to a three-month low in January, driven by a decline in the Midwest as the housing sector continued to deteriorate.

Home prices in 20 U.S. cities increase by most since 2014 10 Markets Where Housing Prices Have Risen the Most – 2014 – These 10 metro areas (as defined by the U.S. Census) have experienced the largest increases, ranging from 11.4% to 20.5%, in existing single-family home prices among cities with population of more.

New home sales drop to three-month low.. Queensland had the largest decline in sales, down 12.3 per cent, Western Australia was down 10.7 per cent and Victoria fell 8.5 per cent.

New-home sales tumble in January, big decline in West –  · New-home sales tumble in January, big decline in West. The Commerce Department said new-home sales fell 9.2 percent last month to a seasonally adjusted annual rate of 494,000

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