New home sales drop in August

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.

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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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WASHINGTON – Sales of new U.S. homes fell for the second straight month in January, failing to rebound from a weather-related drop in December. The Commerce Department says last month’s sales.

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New-home sales down 34.5% in August by Alan J. Heavens, Inquirer Real Estate Writer , Posted: September 26, 2008 August new-home sales nationwide fell 34.5 percent from 2007, even as builders battled to reduce unsold inventory to try to get the housing slump to hit bottom.

New Home Sales in July fell 0.7% from June, to a rate of 298,000. Relative to a year ago, sales are up 6.8%. While the year-over-year rebound is more than welcome, it is still a very dismal rate.

U.S. home sales stalled in August, highlighting a growing disconnect between. market and the strong economy that is powering stocks to new highs.. Decline of 1.5% from a year earlier highlights gap with surging economy.

2017. The drop was even more dramatic when compared to the previous month. Pending home sales on Long Island plunged 23.8 percent in September, compared to the 3,099 pending sales recorded in August..

Sales of new U.S. single-family homes unexpectedly fell for a second straight month in May, suggesting lower mortgage rates had yet to.

Australia’s current rate of 1.5% last moved in August 2016, and a 25-basis point drop would bring the cash rate down to. Business times toronto housing Market Bounces Back This Spring Home sales in.

It may be no coincidence that one forecast issued August 20 is predicting a decline in B.C. home sales this year of around 20 per cent, while a separate study has found 18 per cent of would-be buyers.

HUD attributes this drop to rapid rehousing programs like Coordinated Entry. The Quinns are now in a temporary shelter,

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