New-home sales declined in April as demand fell in West

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Most Read. Sales fell only in the U.S. West, which posted a 7.9 percent decline in April. Purchases were unchanged in the Midwest and up marginally in the South, the biggest region. Cooler demand could allow homebuilders to chip away at their backlogs. The number of properties sold but not yet started increased in April to a five-month high,

The inventory of new homes for sale was 301,000 in June, which is a 5.7-month supply at the current sales pace. The median sales price was $302,100. Regionally, new home sales rose 36.8% in the Northeast. Sales fell 13.4% in the Midwest, 7.7% in the South and 5.2% in the West. For more details, see Dietz’s Eye on Housing blog post.

New-Home Sales Declined in April as Demand Fell in West. U.S. New-Home Sales Declined in April as Demand Fell in West. Bloomberg the Company & Its Products The Quint. Bloomberg. Bloomberg | Quint is a multiplatform, Indian business and financial news company. We combine Bloomberg’s global.

New Listings Fell Nationwide in April as Home Sales Declined in the West. Overall home inventory continued to decline for the seventh month with a 3.2 percent year-over-year drop. What stood out in April was a 1.1 percent year-over-year decline in new listings for the first time since August 2014.

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New home sales in the South, which accounts for the bulk of transactions, declined 7.3% in April. Sales in the Midwest dropped 7.4% and those in the West tumbled 8.3%. But sales in the Northeast.

Sales of newly built, single-family homes fell 7.8 percent to a seasonally adjusted annual rate of 626,000 units in May, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. On a year-to-date basis however, new home sales for 2019 are 4 percent higher than the same period in 2018.

New-home sales declined in April as demand fell in West. Purchases decreased to a 176,000 annual rate in the West and rose 0.3% in the South to a 355,000 pace. February home sales were revised down to a 659,000 rate from the previously reported 667,000. The report was released jointly by the Census Bureau and Department of Housing and Urban Development.

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US home sales fell 2.5 percent in April.. largely because the number of sales listings has declined 6.3 percent.. Home sales in April fell in the Northeast, South and West. Sales were unchanged in the Midwest. Tags: News, All, Aggregate, Real Estate.