New-home sales unexpectedly jump to highest level since 2007

Sales of new U.S. single-family homes unexpectedly rose in November, hitting their. The Commerce Department reported new home sales jumped 17.5 percent to a seasonally. That was the highest level since July 2007.

Sales of newly built US homes unexpectedly soared last month to the highest rate since 2007 in the latest sign of the strength of the housing market that has been bolstered by low mortgage rates.

Affordability keeping some from listing their homes for sale Fannie Mae said this gap may explain why homeowners are staying put in their current homes, contributing to the shortage of existing homes that are for sale.. the affordability of their current.

United States New Home Sales | 2019 | Data | Chart | Calendar. – News US New Home Sales Jump to Near 1-1/2-Year High Sales of new single-family houses in the United States rose 4.5 percent from the previous month to a seasonally adjusted annual rate of 692 thousand in March 2019, the highest level since November 2017, while markets had forecast a 2.5 percent fall to 650 thousand.

The Commerce Department said on Monday new home sales increased 6.2 percent to a seasonally adjusted annual rate of 685,000 units last month. That was the highest level since October 2007.

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The Commerce Department said new home sales increased 6.2 percent to a seasonally adjusted annual rate of 685,000 units in October, the highest level since October 2007. September’s sales pace.

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Sales in the South, which accounts for more than half of new home sales, jumped 18.1 percent to their highest level since July 2007. Sales were flat in the West, which has seen a sharp increase in.

News – Bob and Kelly Davies – U.S. new home sales at seven-month high; services sector picks up. adjusted annual rate of 621,000 units, the highest level since May 2018. Northeast: Existing-home sales jumped 10.1 percent in the region, reaching an annual rate of 760,000.. are now the strongest month of sales since February 2007 (5.79 million).

Purchases of new homes unexpectedly surged in September to the highest level in a decade as activity accelerated in the South after Hurricanes Harvey and Irma, according to government data Wednesday.. Single-family home sales rose 18.9% month-to-month to a 667,000 annualized pace (the estimate was 554,000), the strongest since October 2007.

As new home sales have continued to decline, homebuilders have struggled.. The high rate of mortgage foreclosures is creating personal, in the fourth quarter of 2007 and the first quarter of 2008, likely jumped. as the unexpected shutdown of some production in the Gulf of Mexico during the spring.

Sales of newly built homes jumped 12.4% in July to the highest level in since October 2007, a sign of solid momentum in the U.S. housing market.

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