New-home sales decline in January to three-month low

New home sales took a tumble for the second month in a row, falling 7.8 percent from December to a seasonally adjusted annual rate of 593,000 units. Year-over-year it was a more modest decline.

Americans stepped back from buying new homes in January, as purchases. Department said Wednesday that new-home sales fell 9.2 percent last month to a seasonally adjusted annual rate of 494,000..

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New home sales decline in May Tuesday, June 25, 2019 [Washington] 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.

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New home sales in San Diego County fell 20 percent in January from a year earlier, hitting an 11-year low, real estate tracker corelogic reported wednesday. San Diego median home price at $542K.

New Home Sales Fall to 5-Month Low.. January’s sales were revised down to a 455,000-unit pace from the previously reported 468,000-unit rate. Economists polled by Reuters had forecast new home.

The Commerce Department said on Tuesday sales dropped 4.6 percent to a seasonally adjusted annual rate of 411,000 units. Last month’s decline followed a 13.1 percent jump in January. The low months.

The Conference Board’s confidence index fell to a three-month low of 63.4 from a revised 72. Another report today showed home prices fell in January by the most in a year, raising the risk that.

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The decline was led by a slump in customer. Employment and wage gains will probably help boost home sales. The labor market leapt forward in January, capping the biggest three-month gain in 17.

New home sales shot up 6.1% in February aided by 39% jump in the mid-west but a 21.4% decline in the Northeast. Sales came in just a bit below the top Econoday estimate. New home sales shot 6.1 percent higher in February to a 592,000 annualized rate that easily beats the Econoday consensus for 565,000 and is near the top estimate of 600,000.

U.S. New-Home Sales Decline in January to Three-Month Low Purchases of new homes drop in three of four U.S. regions, led by the biggest decline in the Midwest since 2012.