New home sales fell 7% in December

 · In December, new-home sales fell 7.6 percent from the previous month, to a seasonally adjusted annual rate of 342,000, according to the Commerce Department.

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Vacancy rate was unchanged in the quarter at 4.7% from the year earlier. existing home sales have fluctuated a bit in 2019. Both net absorption and new construction fell about 47% in the second.

New home sales in June were at a seasonally. Yesterday, the National Association of Realtors reported that existing-home.

Forecast for Existing and New Home Sales (December 2018). rebound in November, despite mortgage rates that hovered near seven-year highs.. We expect existing home sales fell 2.6 percent from November to 5.18.

Sales fell 9.2% overall, sales in the west plunged 32%, the median price fell 5.7%, and supply rose. there is no revision to December which stands at a very solid 544,000. Sales in the West, which.

WASHINGTON-Sales of new homes in the U.S. rose in December, closing a weak year for the housing market. New-home sales increased 3.7% from a month earlier to a seasonally adjusted annual rate of.

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. Although this is up from November’s revised rate of 599,000, December’s sales still fell 2.4% below the previous year’s level.

 · Single-family home sales fell 9.3% month over month, the most since August 2016, to 625,000 on an annualized pace from 689,000. The median sales price increased 2.6% year over year to $335,400. The supply of homes at current sales rate rose to 5.7 months from 4.9 months; 295,000 new houses were on market at end of December.

The Costs of Homeownership Drive First-time Buyers Away Harry Gardner appointed to MISMO’s board of directors The Mortgage Bankers Association (MBA) has appointed Harry Gardner to the board of directors for the Mortgage Industry Standards Maintenance Organization (MISMO), the trade group announced.With an average price tag of $377,800 in December 2014, according to the united states census bureau, new homes are one of the biggest investments a person can make. Not included in that hefty.

Sales of new homes drop 7% in December. WASHINGTON – U.S. sales of new homes fell in December for a second consecutive month but even with the pause at the end of the year, sales for all of.

San Francisco Bay Area home sales fell a 31.8% from December 2016.. we believe our 'Flat is the New black' market perspective for 2017.

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.