Since then, construction of single-family homes has increased while foreclosure sales have declined, bringing the ratio of existing-to-new home sales back down to 12 to 1 in 2013. As the housing market continues to recover, new homes should be a growing share of overall sales. Year over year, the inventory of new homes for sale rose 25%.
New home sales, which account for about 10.5 percent of housing market sales, decreased in the West (-35.9 percent to 125 thousand) and Northeast (-17.6 percent to 28 thousand), but rose in the South (4.9 percent to 389 thousand, the highest level since July 2007) and Midwest (6.3 percent to 84 thousand).
Sales of new U.S. homes sank 6.9% in April, driven by a decline in the sale of homes worth less than $300,000 that are generally bought by middle class and first-time buyers.
New single-family home sales are 13.9% above the 1963 start of this data series. The population-adjusted version is 34.9% below the first 1963 sales and at a level similar to the lows we saw during the double-dip recession in the early 1980s, a time when 30-year mortgage rates peaked at 18.63%.
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The median price of a new home was $312,400, down 6.9% from March. The average price was $407,300. At the end of April, the seasonally adjusted estimated supply at the current sales rate decreased from 5.4 months to 5.3.
New-home sales tumble in April after soaring to 10-year high in March. the median sales price for a new home was $309,200, down from $318,700 in March and $321,300 in the year-ago period.
Decline for April Sales Masks 2017 Gains By Robert Dietz on May 23, 2017 (). Contracts for new single-family home sales fell more than expected in April, declining 11.4% to a 569,000 seasonally adjusted annual rate according to estimates from the joint data release of HUD and the Census Bureau.
SINGAPORE – Private home sales shot up by almost 30 per cent in May, compared with April, as property hunters were able to choose from significantly more new launches during the. said that prices.
This morning’s release of the April New Home Sales from the Census Bureau came in at 673K, down 6.9% month-over-month from a revised 723K in March.
Sales of previously owned U.S. homes unexpectedly cooled in April. made up 32% of sales, down from 33% the prior month. Existing-home sales account for about 90% of U.S. housing and are calculated.