New home sales drop in August

Economists had expected new home sales to rise by 0.5 percent. The much bigger than expected rebound came as new home sales in the Northeast spiked by 47.8 percent to a rate of 34,000 in August after plunging by 46.5 percent to a rate of 23,000 in July.

 · WASHINGTON (Reuters) – Sales of new U.S. single-family homes fell to a near two-year low in September and data for the prior three months was revised lower, the latest indications that rising.

New homes sales fell in August, declining 3.4 percent from July to 560,000 units at a seasonally adjusted annual rate (SAAR). It was the second consecutive month of contracting sales and defied expectations for a small increase, according to the U.S. Census Bureau.

New single-family home sales dropped in August from an unusually-high number of sales in July, but still recorded an increase from last year.

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Decline In New Home Sales In July By Danushka Nanayakkara-Skillington on August 23, 2018 (). Contracts for new, single-family home sales declined in July, falling 1.7% to a 627,000 seasonally adjusted annual rate according to estimates from the joint release of HUD and the Census Bureau.

Freddie Mac: Mortgage rates once again drop to new yearly lows NEW YORK (CNNMoney) — Mortgage rates hit yet another record low this. The average rate for a 30-year, fixed-rate loan fell to 4.09% this week, Mae and Freddie Mac who have loans carrying interest rates of 6% or more,

 · New home sales are drawn from permits and tend to be volatile on a month-to-month basis. They increased 2.4 percent from a year ago. housing market data has weakened in recent months, with homebuilding falling to a nine-month low in June and home resales declining for a third straight month. Building permits also dropped to a nine-month low in June.

New Home Sales in July fell 0.7% from June, to a rate of 298,000. Relative to a year ago, sales are up 6.8%. While the year-over-year rebound is more than welcome, it is still a very dismal rate.

 · In a typical seasonal shift, new-home sales slowed their roll in August. But more of the properties under contract were priced for first-time buyers. New-Home Sales Decline, but So.

Senate fails to pass Terrorism Risk Insurance Act  · Efforts to reauthorize the Terrorism Risk Insurance Act for six years fell apart after Senator Tom Coburn, an Oklahoma Republican who is retiring, held up the legislation. Without a renewal, the.

New Home Sales Sales of new singlefamily houses in May 2019 were at a seasonally adjusted annual rate of 626,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 7.8 percent (14.7 percent)* below the revised April rate of 679,000 and is 3.7 percent (15.0 percent)* below the May 2018 estimate of 650,000. Sales Price

Number of underwater homeowners grows: CoreLogic For all of the good news about 2012’s home price rise, it hasn’t made a serious dent in the number of underwater homes, according to the latest figures from data and analysis firm CoreLogic.