New home sales fell 7% in December

New home sales fell 7% in December

According to their analysis, new home sales reversed course from November, moving forward 3.7% in December. In fact, sales of new single-family houses increased to 621,000.

Sales are up 3.1% from revisions that subtracted 71,000 units in prior months. By region, sales rose 44.8% in the Northeast, fell 15.3% in the Midwest, rose 5.0% in the South, and Rose 1.4% in the West. Treat these numbers with a bit of skepticism. New Home Sales and New Homes For Sale

New house sales in the U.S. slowed by 8% in January compared to last year, according to data from real estate site Redfin released Friday. January marked the fifth consecutive month that sales of.

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New home sales in the South, which account for the majority of transactions, increased by 5.0% seven months in December. Sales increased 1.4 percent in the West and increased 44.8 percent in the North-East. But they fell 15.3% in the Midwest to the lowest level since April 2016. The average house price fell 7.2% to $ 318,600 in December a year ago.

New home sales were at a seasonally adjusted annual rate of 621,000 as of the end of December, an increase of 3.7% compared with November but down 2.4% compared with December 2017, according to the latest figures from the U.S. Census Bureau and U.S. Department of Housing and Urban Development.

Foreclosure delays beginning to wear off: RealtyTrac The index had been up quite a bit in the past few months, as the effects of the home buyer tax credit’s true end began to wear off. We saw the big drop-off in sales in July and then the beginning.

Sales fell by 2.7 percent in December from the previous month on a seasonally adjusted basis, according to the Commerce Department. Economists had predicted a 1.2 percent sales decline for.

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New home sales fall 7.6 pct in December | The Seattle Times – Nationwide, new home sales for December fell 7.6 percent to a seasonally adjusted annual rate of 342,000 from an upwardly revised November pace of 370,000, the Commerce Department said Wednesday.

In a delayed report because of the month-long U.S. government shutdown, the U.S. Commerce Department said that new home sales increased 3.7% in December, to a seasonally adjusted annualized rate of 621,000 homes. According to consensus forecasts, economists were expecting to see a modest drop to 597,000 units.

New. Sales of passenger vehicles dropped by 3% to 202,585 units in December from a year earlier, according to data released by lobby group Federation of Automobile Dealers Associations (FADA). From.

New home sales fell in December, falling 7% below November’s revised rate of 445,000 sales to a seasonally adjusted annual rate of 414,000 units, the Commerce Department reported Monday. However.

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