New home sales drop in August

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 · The inventory of new homes for sale was 284,000 in August, which is a 6.1-month supply at the current sales pace. Regionally, new home sales remained unchanged in the Midwest. Sales fell 2.6 percent in the Northeast, 2.7 percent in the West and 4.7 percent in the South.

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Thomson Reuters New home sales fell 7.6% at a seasonally adjusted annual rate of 609,000 in August, according to the Census Bureau.

New Home Sales Sales of new singlefamily houses in May 2019 were at a seasonally adjusted annual rate of 626,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 7.8 percent (14.7 percent)* below the revised April rate of 679,000 and is 3.7 percent (15.0 percent)* below the May 2018 estimate of 650,000. Sales Price

Find the latest news, headlines, blogs and watch video about real estate, housing, mortgages, refinancing, apr and real estate markets from CNBC.com.

New home sales dropped 12.4% to a seasonally adjusted annual rate of 276,000 last month, down from a downwardly revised 315,000 in June, the Commerce Department reported Wednesday. Sales year-over.

New homes sales fell in August, declining 3.4 percent from July to 560,000 units at a seasonally adjusted annual rate (SAAR). It was the second consecutive month of contracting sales and defied expectations for a small increase, according to the U.S. Census Bureau.

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US New Home Sales Unexpectedly Fall. The median sales price of new houses sold was USD 328,700 above USD 322,900 in the same month of the previous year. The average sales price jumped to USD 394,300 in July from USD 372,400 a year earlier.

Consumer confidence hits second-highest level in a year U.S. consumer confidence improved. to the best level since November. The labor differential, which measures the gap between respondents who say jobs are plentiful and those saying they’re hard to.

Housing is a huge chunk of the U.S. economy. Look to Kiplinger’s Economic Outlooks for forecasts on existing home sales, new home sales and housing starts.

Homebuying in Brea, Buena Park, Fullerton, La Habra, La Palma, Placentia and Yorba Linda fell 11 percent from August. sales vs. 3,485 a year earlier, a decline of 14.6 percent in 12 months. Median:.

New Home Sales Fall in August By Robert Dietz on September 26, 2017 (). Contracts for new single-family home sales declined 3.4% in August to a 560,000 seasonally adjusted annual rate, according to estimates from the joint data release of HUD and the Census Bureau.