New-home sales decline in January to three-month low

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New home sales shot up 6.1% in February aided by 39% jump in the mid-west but a 21.4% decline in the Northeast. Sales came in just a bit below the top Econoday estimate. New home sales shot 6.1 percent higher in February to a 592,000 annualized rate that easily beats the Econoday consensus for 565,000 and is near the top estimate of 600,000.

After two consecutive months of decline, existing-home sales around the country rebounded by 3 percent from January, according to the National Association of Realtors. Existing-home sales grew from 5.38 million in January to 5.54 million in February and are currently up 1.1 percent from last year.

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(Rick Egan | Tribune file photo) New home construction in South Jordan.. in all five counties along Utah's Wasatch Front in the first three months of 2019. A total of 5,609 houses changed hands across the region in January, home price for Utah's most populous county was $105,250 lower, at $245,000.

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After two months of declines, US existing-home sales increase in February. by Claire Brennan March 22, 2018. After two consecutive months of decline, existing-home sales around the country rebounded by 3 percent from January, according to the National Association of Realtors.. Existing-home sales grew from 5.38 million in January to 5.54 million in February and are currently up 1.1 percent.

"New home sales in August disappointed expectations for an increase, and instead declined 3.4% month-over-month to 560,000 units SAAR, a 2017 low," said Lee Stafford, Ally Financial managing director of economics and research. The median prices of new homes sold plummeted from $313,700 in July to $300,200 in August.

The median forecast of 76 economists surveyed by Bloomberg called for 470,000 new-home sales. ahead in January, capping the biggest three-month gain in 17 years. For those who can purchase a home,

Rising rates stifle mortgage application volume 14:05 ET Subscribe to our weekly e-newsletter, Top News. Rising rates push weekly loan application volume down. mortgage applications decreased 5.6 percent last week from the week prior, according to the latest data from the Mortgage Bankers Association (MBA) Weekly Mortgage Applications Survey.

US New Home Sales Fall Unexpectedly to 5-Month Low. slumped 6.9 percent from the previous month to a seasonally adjusted annual rate of 607 thousand in January of 2019. US Jobless Claims Lowest in Near 3 Months.

The 0.3% decline March comes on the heels of an upwardly revised 0.9% decline in February and a 4.4% drop in January, demonstrating an upward. because the housing story is gloomy. March new home.

US New Home Sales at 8-Month Low. Sales of new single-family houses in the United States declined 5.3 percent from the previous month to a seasonally adjusted annual rate of 631 thousand in June of 2018, following a downwardly revised 3.9 percent gain in May.

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