New-home sales declined more than forecast in December

Sales of new single-family homes dropped sharply last month as severe winter weather and higher mortgage rates continued to slow the housing recovery. New home. declined 21.5% in the Midwest and 14.

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Highlights of New-Home Sales (December) Single-family home sales fell 9.3% m/m, the most since Aug. 2016, to 625k annualized pace (est. 675k) after 689k rate (revised from 733k) Median sales price.

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December’s figures were revised upwards to a 1.9 percent increase to 324,000, from the initial figures of a 2.2 percent decline to 307,000. Based on the revised figures, sales of new homes. sector. – Pending home sales in the U.S. dropped more than expected in August, dampening optimism over the health of the housing sector, industry data showed on Wednesday.

The Commerce Department said new home sales declined 9.3 percent to a seasonally adjusted annual rate of 625,000 units last month. The percentage decrease was the largest since august 2016. unseasonably cold temperatures at the end of December probably also hurt sales.

We had a very disappointing report on December new home sales today. New home sales declined 10 percent in December from November to a seasonally adjusted annualized rate of 536,000. That December.

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Sales Price. The median sales price of new houses sold in June 2018 was $302,100. The average sales price was $363,300. For Sale Inventory and Months’ Supply. The seasonally-adjusted estimate of new houses for sale at the end of June was 301,000. This represents a supply of 5.7 months at the current sales rate.

Delinquency rate hits record low, foreclosures keep falling That said, it’s important to keep in mind that annual. 50 percent at the previous low point in 2008. While there has been a lot of attention paid to delinquency rates following hurricanes Harvey,Mortgage rates jump to a six-week high NEW YORK, Oct. 13, 2016 /PRNewswire/ — Mortgage rates continued their move higher this week with the benchmark 30-year fixed mortgage rate rising to 3.62. Bankrate: Mortgage Rates Jump to 4.

Still, stocks were set for their worst month of December since 1931 and both the Dow and S&P 500 have declined more than 6% for all of 2018, while the disruption since a September peak has wiped out over $7 trillion in stock value.

Italian business confidence rose for a second month after a recession eased in the third quarter and the nation’s borrowing costs declined. The manufacturing-sentiment index increased to 88.9 in.

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Single-family home sales declined by 9.3% month over month, the most since August 2016, to 625,000 on an annualized pace, according to government data released on Thursday, Jan. 25. U.S. new-home sales fell more than forecast in December

July’s sales pace was revised down to 608,000 units from the previously reported 627,000 units. Sales in June were also much weaker than previously reported. Economists polled by Reuters had forecast.