New homes sales tumble 11.4% in March

Sales of new single-family houses in March 2015 tumbled back down to a seasonally adjusted annual rate of 481,000, 11.4% below last month’s revised estimate of 543,000, the latest report from.

Summary. New home supply jumped 15%. Lumber futures have been plunging since the beginning of the year. The Government’s Census Bureau (NYSE: CB) released its new home sales report last week. Sales were estimated to have fallen 11.4% from February to March on a seasonally adjusted, annualized rate (SAAR) basis.

In April, 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.

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New home sales tumble in April after soaring to 10-year high in March – Sales of newly-constructed homes stumbled in April, as builders retreated after a March surge that marked the strongest selling pace in a decade. New home sales ran at a seasonally.

Sales: According to the Lake Martin Area Association of Realtors, waterfront-area residential sales totaled 27 units during April, up 12.5 percent from 24 sales in the same month a year earlier. Results were one sale above the five-year April average of 26 sales.

The report was an important positive, although you could have been forgiven for overlooking that, given the Doomer takeaway of "new home sales plummet 11.4%!!!" They fell by that amount only because.

Housing Bubble 2.0 - Existing Home Sales Tumble - SoCal Builder Bets Busted US sales of new homes tumble 11.4 percent in April, biggest drop in more than two years By The Associated Press | Posted – May 23rd, 2017 @ 8:10am

Seriously underwater homes rise, new-home sales tumble April 23, 2015 WASHINGTON (4/24/15)–For the first time since the second quarter of 2012, the share of seriously underwater homes increased in the first quarter, rising 0.4 percentage points from the fourth quarter, according to RealtyTrac’s Home Equity and Underwater report ( Housingwire.

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WASHINGTON (AP) – U.S. sales of new homes last month registered the biggest drop in more than two years. The Commerce Department said Tuesday that new-home sales skidded 11.4 percent in April to a seasonally adjusted annual rate of 569,000. It was the biggest monthly drop since March 2015.

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The Commerce Department said Tuesday that new-home sales skidded 11.4 percent in April to a seasonally adjusted annual rate of 569,000. It was the biggest monthly drop since March 2015.

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Houses are taking longer to sell and sales across the region fell last month for the first time since Hurricane Harvey, a new housing report shows. Buyers closed on 6,810 single-family homes in March,