New Home Sales Down 6.9% in April

Sales of new U.S. homes fell to a five-month low in May. it showed 90% confidence that the change in sales ranged from a 22.5% drop to a 6.9% gain..

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“We are expecting June's sales decline to reverse itself in the coming months as families seek to close on their new homes before the start of the school year,” says ORRA President Jeffrey M.. To date, sales are down 6.9%.

REBGV reported 885 sales in April, down 32.3% from last year. The number. Greater Vancouver Condo Sales Vs. New Listings. The number.

New. of 6.9% (723K down to 673K). The explanation was that analysts had expected a drop of only 1.7%, so the "clear" conclusion was an negative, ominous surprise. Low mortgage rates are having.

April comex gold futures last traded at $1,295.30 an ounce, down 1.09% on the day. New home sales are down 4.1% compared to January.

Sales of new U.S. homes sank 6.9% in April, driven by a decline in the sale of homes worth less than $300,000 that are generally bought by middle class and first-time buyers.

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The typical U.S. home is worth $226,800, down 0.1% from a month earlier. Home values also fell in April, ending a streak of 85 consecutive months of gains that added $78,500 in value to the median.

“It was the highest number of total new home sales for May since 2002,” said Patricia Arsenault, Altus Group’s Executive Vice President, Data Solutions. “New condo apartment sales were brisk among the.

 · That’s up 6.9% from. The NAR report looked at 178 markets across the nation.There were 1.83 million existing homes for sale in the first three months of the year-down.

Sales were 4.4% lower compared with April 2018. That was the 14th straight month of annual declines. Existing sales make up about 90% of the total sales market, as new. pace. Homes sat on the.

New home sales decreased 5.3% month-over-month in June to a seasonally adjusted annual rate of 631,000 ( consensus 670,000) from a downwardly revised 666,000 (from 689,000) in May. The median sales price decreased 4.2% year-over-year to $302,100. The average sales price decreased 2.0% to $363,300. Category.

Sales of new U.S. homes cooled in April from an 11-year high amid a surge in prices, adding to signs of softness in housing at the start of the quarter. single-family home sales fell 6.9% to a 673,000.