New homes sales tumble 11.4% in March

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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 Sales of newly built homes declined by 11.4% in March from their red-hot pace in February, which itself registered as the strongest month for sales in seven years, to a seasonally adjusted annual .

So much for the jump in the builder’s confidence index reported last week. The Government reported a literal plunge in new home sales in April. Not only did the seasonally manipulated adjusted annualized sales rate drop 11.4% from March, it was 6% below Wall Street’s consensus estimate.

Pending home sales continue to climb WASHINGTON – More Americans signed contracts to purchase homes in May, as pending sales climbed to their highest level in more than nine years. The National Association of Realtors said Monday that.

Pending home sales, which reflect signed contracts that front-run existing home sales by four to six weeks (or the time for buyers and sellers to close on their deals), declined modestly in both March.

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Residential investment contracted in the first half of the year and is expected to have declined further in the third quarter.REUTERS | October 25, 2018, 17:30 IST BY: Lucia Mutikani WASHINGTON: Sales.