New home sales plunge 13% in July

In Chart 1, the blue line, which shows the value of new houses built, shows that while there was a slight decline in activity in the 12 months to March 2018, there has.

New-home sales plunge 8.1 percent July 24, 2014 / 10:33 AM / AP WASHINGTON – Sales of new U.S. homes plunged in June, a sign that real estate continues to be a weak spot in the economy.

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News US New Home Sales Jump to Near 1-1/2-Year High Sales of new single-family houses in the United States rose 4.5 percent from the previous month to a seasonally adjusted annual rate of 692 thousand in March 2019, the highest level since November 2017, while markets had forecast a 2.5 percent fall to 650 thousand.

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New home sales continue to confound the experts. New home sales were up in June – but not as much as economists had anticipated. Economists expected the number to be down slightly in July – but the Commerce Department reported that, instead, sales tumbled by more than 9% to a seasonally adjusted annual rate of 571,000.

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New home sales fell in every region in July: down 13.9% in the Northeast, 8.3% in the Midwest, 8.7% in the South, and a stunning 25.4% in the West. The median sales price was $204,000 in July, a 4.

. that the sales-to-active-listings ratio for July 2016 is 38.6%. Conventional real estate wisdom is that a market is considered to be a buyer’s market when the sales-to-active-listings ratio is.

New home sales continue to confound the experts. New home sales were up in June – but not as much as economists had anticipated. Economists expected the number to be down slightly in July – but.

Las Vegas house prices were higher in June than they were a year earlier, but sales volume fell. The median sales price of previously owned single-family homes was $290,000 last month, down 1.7.