New-home sales unexpectedly jump to highest level since 2007

Sales of new U.S. homes unexpectedly rose in December after a. sale where construction hadn't started rose to the highest since 2007, indicating more. led by the biggest jump in the Northeast since 2015 and a 5 percent. The supply of homes at the current sales rate fell to 6.6 months from 6.7 months.

Sales of new U.S. single-family homes jumped to a near 1-year high. increased 3.6 percent in March to their highest level since July 2007.

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With the unexpected increase, new home sales reached their highest annual rate since hitting 727,000 in October of 2007. The unexpected jump in new home sales was partly due to strength in the.

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Condo prices in New York City suddenly jump.. It started in Fall 2007.. and the new home sales rate is only about half it was at the peak of.

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WASHINGTON – Sales of newly built, single-family homes rose 12.4% in July from a downwardly revised June reading to a seasonally adjusted annual rate of 654,000 units, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This is the highest reading in almost nine years.

New home sales in the U.S. lost steam in December but wrapped up a solid year in. Sales rose 8.3% in 2017 from the prior year to 608,000, the highest level since 2007.. Sales in November jumped to a postrecession high, clocking in at a 689,000 unit rate.. Markets Are Calm, Then Suddenly Go Crazy.

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 · New-home sales climbed 18% in August from a month earlier to a seasonally adjusted annual rate of 504,000, the Commerce Department said Wednesday. That marked the biggest one-month jump since 1992 and the highest level of sales since May 2008, when the U.S. was in recession.

U.S. purchases of new homes unexpectedly surged in September to the highest level in a decade as. Single-family home sales rose 18.9% m/m to 667k annualized pace (est. 554k), the strongest since.

New-home sales unexpectedly jump to highest level since 2007. single-family home sales rose 18.9% month-to-month to a 667,000 annualized pace (the estimate was 554,000), the strongest since October 2007. Purchases in the South surged 25.8% month-to-month to a 405,000 rate, the fastest since July 2007.

Sales in the South, which accounts for more than half of new home sales, jumped 18.1 percent to their highest level since July 2007. Sales were flat in the West, which has seen a sharp increase in.

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