New Home Sales Down 6.9% in April

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New Home Sales Sales of new singlefamily houses in June 2019 were at a seasonally adjusted annual rate of 646,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.

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.

The National Association of Realtors is reporting that pending home sales declined 1.3% in April, marking their lowest level over the past year. The NAR’s Pending Home Sales Index declined 1.3% to 106.4 in April, down from March’s revised number. A sale is listed as pending when the contract has been signed but the transactionRead More

The very low-interest rates combined with housing affordability during those years also helped drive up home sales. 6.9%. This growth rate may be difficult to attain without more acquisitions given.

The National Association of Realtors reports its Pending Home Sales Index (PHSI), which is based on contract signings, fell 1.3% in April to 109.8 from March’s downwardly revised 111.3.

Still, sales were up from a year earlier and up for all of 2017. Sales of new single-family houses in December 2017 were at a seasonally adjusted annual rate of 625,000, 9.3% below the revised november rate of 689,000 but 14.1% above the december 2016 estimate of 548,000, according to estimates released jointly today by the U.S.

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Electrical and homeware sales were up nearly 6%, with bestsellers including Apple Airpods and smart speakers such as the Amazon Echo Dot and the Google Home Mini. food were the hardest hit with.

CNBC’s Rick Santelli and Diana Olick report the latest read on new home sales.. New home sales down 5.3% in June 10:00 AM ET Wed, 25 July 2018

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New home sales down 2.3% in May. NEW home sales have dropped for the first time in 2015 on the back of a slide in sales of detached homes, the HIA says. AAP June 30, 2015 1:19pm.

The U.S. government is reporting that sales of new single-family houses in April, 2018 were at a seasonally adjusted annual rate of 662k, which is 1.5% below March’s revised number. However, April’s rate was 11.6% higher than April 2017. The median sales price of new houses sold in April 2018 was $312,400 and the averageRead More