New homes sales tumble 11.4% in March

Washington – Sales of new US homes plunged in March after a sharp rise in February, the Commerce Department reported on Thursday. Sales of new single-family houses came in at an annual rate of 481 000 last month, down 11.4% month-over-month.

 · Months’ supply at 5.7 in April compared to 4.9 in March. And the biggest driver of new home sales collapse was in The West – which saw a 26.3% collapse – the most since Oct 2010.

 · New-Home Sales Tumble to Lowest in Almost Two Years. the highest since March 2011, from 6.5 months. the slide in new home sales appears to.

Across the nine-county region, 4,696 new and resale houses and condos sold in January, the lowest level for the month since 2008, as buyers struggled with higher prices and few homes for sale..

Homeownership falls to lowest level since 1998 Stricter credit standards pushed the second-quarter U.S. homeownership rate to the lowest level since 1998.The ownership rate through June was 65.9 percent, the lowest since the same rate 13 years ago, the U.S. Census Bureau said in a report today. The vacancy rate, the.

New home sales tumble in April after soaring to 10-year high in March – Sales of newly-constructed homes stumbled in April, as builders retreated after a March surge that marked the strongest selling pace in a decade. New home sales ran at a seasonally.

The number of new homes sold in the region dived 26.3% from March to April, a 13.7% drop from the same month a year earlier. In the Midwest, sales fell 13.1% from March, but were up 19.7% year.

Senate Republicans say no CFPB director until power is checked The Finance 202: Tax overhaul’s big test comes now – Mulvaney would be the acting director, while English would be his deputy, administration officials insist. There is a lot at stake for the CFPB, which now has 1,600 employees and has long been a.

WASHINGTON (MarketWatch) — Sales of new single-family homes tumbled 11.4% to an annual rate of 481,000 in March, pulling back from a seven-year high reached.

WATCH: Toronto home sales drop by 39.5% in March compared to 2017 On a monthly basis, home sales were down 2.9 per cent from March to April. However, the number of newly-listed homes also dropped..

Housing Bubble 2.0 - Existing Home Sales Tumble - SoCal Builder Bets Busted The outlook for new home sales has been more optimistic of late. Through the first three months of 2019, more new homes were sold than in the same period in 2018. Home price growth is finally slowing as builders finally build smaller, more affordable homes and price cuts become more common.

Summary. New home supply jumped 15%. lumber futures have been plunging since the beginning of the year. The Government’s Census bureau (nyse: cb) released its new home sales report last week. Sales were estimated to have fallen 11.4% from February to March on a seasonally adjusted, annualized rate (SAAR) basis.

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