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

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.

Sales Price. The median sales price of new houses sold in June 2018 was $302,100. The average sales price was $363,300. For Sale Inventory and Months’ Supply. The seasonally-adjusted estimate of new houses for sale at the end of June was 301,000. This represents a supply of 5.7 months at the current sales rate.

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January 2018 Existing-Home Sales Posted in Economist Commentaries , by Michael Hyman, Research Data Specialist on February 23, 2018 NAR released a summary of existing-home sales data showing that housing market activity this January fell 3.2 percent from last month and dipped 4.8 percent from last year.

The supply of homes at the current sales rate rose to 5.9 months from 5.7 months; 309,000 homes for sale was the highest since 2009. The first back-to-back decline since January was led by a 52.3% drop in the Northeast to 21,000 home sales, the fewest since 2015, as well as a 3.3% decline to 355,000 in the South, the biggest region.

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After two consecutive months of decline, existing-home sales around the country rebounded by 3 percent from January, according to the National Association of Realtors. Existing-home sales grew from 5.38 million in January to 5.54 million in February and are currently up 1.1 percent from last year.

Very slight increase in mortgage application volume this week Mortgage Applications Increase in Latest mba weekly survey – This week’s results included an adjustment for the memorial day holiday. The Market Composite Index, a measure of mortgage loan application volume, increased 1.5 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the index decreased 10 percent compared with the previous week.

Homebuilding Is Not Weak – Sales Are Up 4% With Potential For More – First, use rolling 12-month periods While the calendar year is best because homebuilding and new home sales are at their low.

new home sales | St Louis Real Estate News – New home sales in the midwest slipped in June to a seasonally-adjusted annual rate of 56,000 homes, a decline of 11.1 percent from the month before when sales were at a rate of 63,000 homes, according to a report just released by the U.S. Commerce Department.

After two months of declines, US existing-home sales increase in February. by Claire Brennan March 22, 2018. After two consecutive months of decline, existing-home sales around the country rebounded by 3 percent from January, according to the National Association of Realtors. Existing-home sales grew from 5.38 million in January to 5.54 million in February and are currently up 1.1 percent from.

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