New-home sales slump 7% in April after reaching the best level of the cycle – MarketWatch – UKA News

New-home sales slump 7% in April after reaching the best level of the cycle – MarketWatch – UKA News

3 Things to Know in the Housing Market Today! Some we just don’t know yet. The following three areas of the housing market are critical to understand: interest rates, building materials, and the outlook for an economic slowdown. 1. interest rates. One of the most important things to consider when buying a home is the interest rate you will be charged to borrow the money.

A forecasting gauge of housing-market activity fell more than twice as much as was expected in January as some buyers held off on home purchases.

Housing Bubble 2.0 -  Rate Hikes Halted - Existing Home Sales Surge - US Housing Hits A Brick Wall April’s figures nearly matched the MarketWatch consensus forecast for a 670,000 pace of sales. What happened. Meanwhile, the pace of new-home construction is still tepid. In the year to date,

After three years of slowing annual average house price growth, FNB believes that 2018 could see a slightly stronger growth rate but they would caution against expecting too much. From an average house price growth rate of 3.7% last year, FNB projected the 2018 average to shift a little higher to near 5%.

Existing-home sales in the west increased 6.7 percent to an annual rate of 1.27 million in September, and are 9.5 percent above a year ago. The median price in the West was $318,100, which is 8.

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After July’s housing sales data horrors, yesterday’s permits rebound prompted some hope (despite last week’s 9.7% collapse in mortgage applications) but August’s existing home sales just crushed that dream, dropping to one-year lows. Following a 1.3% MoM decline in July, August saw existing home sales tumble 1.7% MoM (against expectations of a 0.2% rebound) and up just 0.2% YoY.

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UPDATE: New-home sales slump 7% in April after reaching the best level of the cycle MarketWatch – 5/23/2019 update: housing starts climb almost 6% in April, but construction still lags last year’s pace

U.S. New-Home Sales Up 5.7% in August. WASHINGTON-Sales of newly built homes reached the highest level since early 2008 in August, evidence that demand for housing is strengthening heading into the fall. Sales of new, single-family homes rose by 5.7% to a seasonally adjusted annual rate of 552,000, the Commerce Department said Thursday. The.

Sales were 7% higher than a year ago in April. The median sales price in April, $342,200, was 8% higher than a year ago. At the current pace of sales, it would take 5.9 months to exhaust available supply, about matching the 6 months that’s traditionally been considered the marker of an evenly balanced market.

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