New-home sales climb for a third straight month in March

US New Home Sales Unexpectedly Fall. The average sales price jumped to USD 394,300 in July from USD 372,400 a year earlier. The stock of new houses for sale went up 2 percent to 309 thousand, the most since March of 2009. This represents a supply of 5.9 months at the current sales rate.

The National Association of Realtors (NAR) said existing home sales declined for the third straight month in June. Total existing-home sales – which are completed transactions including single.

Sales of new homes unexpectedly rose in March, climbing to a 16-month high to cap the first quarter with a third straight increase that reflects a boost from lower borrowing costs. Single-family home sales rose 4.5% to a 692,000 annualized pace that topped all estimates in Bloomberg’s survey, while February’s figure was revised down somewhat, government data showed Tuesday.

New Home Sales Fall for Third Straight Month in February. January’s sales pace was revised up to 622,000 units from the previously reported 593,000 units. Economists polled by Reuters had forecast that new home sales, which account for 10 percent of housing market sales, would rise 4.4 percent to a pace of 623,000 units last month.

FHFA sounds alarm on Home Loan Bank funding, advances In other cases the companies are new initial public offerings (Nationstar Mortgage Holdings (NYSE:NSM) and Home Loan. the Federal Housing Finance Agency once again floats the idea of paying a set.

What happened: With fewer homes available for purchase, there’s little path up for sales. June marked the third consecutive month in which sales declined. interested buyers into the market, and new.

The Commerce Department reported Wednesday that sales of new U.S.single-family homes rose for a third straight month in October. Sales gained 0.7 percent to a seasonally adjusted annual rate of 458,000 units. Compared to October last year, sales were up 1.8 percent. New home sales, which account for about 8 percent of the [.]

“Homes began their climb in 2012. increased 4.5% in March, the third straight monthly gain and the strongest since November 2017. A possible sign that the housing market may be recovering from a.

Unsold inventory is at a 3.6-month supply at the current sales pace (3.8 months a year ago). According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage increased for the sixth straight month to 4.44 percent in March (highest since 4.46 percent in December 2013) from 4.33 percent in February.

Wells Fargo cements DeVito’s role as head of home lending Wells Fargo declined to comment. Officials at the Justice Department and SEC also declined to comment.” Read more. HEAD OF COHEN’S INVESTMENT FIRM. to sell assets and pay off some of their loans.”.

US new-home sales climb for a third straight month in March Tue, Apr 23, 2019 – 10:28 PM Sales of new US homes unexpectedly rose in March, climbing to a 16-month high to cap the first quarter with a third straight increase that reflects a boost from lower borrowing costs.

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