New-home sales declined in April as demand fell in West

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New home sales represent about 10 percent of the entire housing market, but on the existing home sales front, the numbers don’t look much better. Existing home sales also fell in June, for the.

New Home Sales Decline in May June 25, 2019 ( NAHB ) – Sales of newly built, single-family homes fell 7.8 percent to a seasonally adjusted annual rate of 626,000 units in May, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

Sales of previously owned homes fell in April after surging the previous month, highlighting the fits and starts that have been a hallmark of the housing recovery.

Alternately, the monthly decline in April was concentrated in the West region, -15,000 (-8 percent), which represented a partial return of the strong gains in March, +24,000 (+14 percent). Despite the decline over the month, sales of new homes rose on a year-over-year basis, and remain near post-recession highs.

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.

July New Home Sales: The West Sinks New Home Sales In July New home sales fell to an annual rate of 571,000 units in July from June’s revised sales rate of 630,000 units. Months supply of inventory stands at 5.8 months; the median new home sale price rose by 6.3 percent on a year-over-year basis.

Higher home prices risk closing door on housing momentum Zero-down loans come with higher interest rates and other “funding fees” wrapped in to cover a lender’s risk on underwriting them. Chelst also said that when more people can buy homes, prices go up.Homebuilder sentiment declines to an eight-month low The decline in builder sentiment follows a report earlier on Monday that showed a sharp slowdown in business at New York-area factories. The New York Fed’s empire state manufacturing index tumbled in.

Existing-Home Sales Fall Again In April – By Robert Hughes Sales of existing homes fell 0.4 percent in April to a 5.19 million seasonally adjusted annual rate. Sales are down 4.4 percent from a year ago and 8.0 percent from the recent peak of.

Walter’s 1Q profits include gain from sale of insurance business  · Moody’s downgrades Walter’s senior unsecured rating to Caa3 and senior secured rating to Caa1; outlook negative. Walter posted a small gaap profit before taxes in the first quarter of 2017 of $4 million driven, by a $68 million gain on the sale of its principal insurance agency. Excluding non-recurring items, the company lost $44 million.Mortgage refinance booms are a thing of the past: mba chief economist Mortgage Refinance Booms are a Thing of the Past::Mortgage Refinance Booms are a Thing of the Past: MBA Chief Economist. The era of plentiful refinance volume is over for the foreseeable future, the result of mortgage rates remaining in a very narrow band for the past decade, said Mortgage Bankers Association Chief Economist Mike Fratantoni.

New-Home Sales Declined in April as Demand Fell in West Katia Dmitrieva , Bloomberg News (Bloomberg) — U.S. purchases of new homes fell in April, reflecting a setback in the western part of the country and indicating rising borrowing costs and property prices may limit the market’s progress, according to government data released Wednesday.

New home sales fall to 5-month low as cheaper mortgage rates fail to revive demand – Not even sliding mortgage rates could champion significant growth in new home sales. down from April’s upwardly revised.

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(Bloomberg) — U.S. purchases of new homes fell in April, reflecting a setback in the western part of the country and indicating rising borrowing costs and property prices may limit the market’s pr.

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