New home sales fell 7% in December

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Sales of new single-family homes dropped 7% in December to a seasonally adjusted annual rate of 414,000, but were up 4.5% from a year earlier, the U.S. Commerce Department reported.

New home sales were at a seasonally adjusted annual rate of 621,000 as of the end of December, an increase of 3.7% compared with November but down. “Despite a period of weakness in the fall, new.

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13 days ago · Sales of new homes plummeted 35.9% in the West and 17.6% in the Northeast. New-home sales rose 4.9% in the South and 6.3% in the Midwest, which are generally more affordable markets. The median sales price of a new home fell 2.7% from a year ago to $308,000.

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Pending home sales, which measure signed contracts, not closings, fell 4.7% in January compared to December, according to the National. The housing market clearly needs more new construction, and.

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Sales of new homes fell by 7 percent in December, a larger than expected decline. But before you get too worried about the state of the housing market, consider this: Despite last month’s drop.

Sales of new single-family houses in January 2018 fell 7.8% from December to a seasonally adjusted annual rate of 593,000, according to estimates released jointly today by the U.S. Census Bureau.

Dad Who Rescued 14-Year-Old Who Fell From Six Flags Ride: 'We All Saved Her' Economists polled by Reuters had forecast new home sales, which account for about 11.2 percent of housing market sales, falling 8.7 percent to a pace of 600,000 units in December. New home sales are drawn from permits and tend to be volatile on a month-to-month basis. They fell 2.4 percent from a year ago.

The U.S. Census Bureau on Tuesday reported that new home sales increased by 3.7% on a monthly basis in December and surpassed the analysts’ estimate for an 8.7% drop.

Home sales tend to rise along with the temperature. But if you want to get the best deal, buy a home in the fall and winter.

13 days ago · New-home sales rose 4.9% in the South and 6.3% in the Midwest, which are generally more affordable markets. The median sales price of a new home fell 2.7%.