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

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

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New Home Sales Decline in May June 25, 2019 ( NAHB ) – 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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WASHINGTON-New-home sales in the U.S. declined in April, posting the largest monthly drop since the end of last year and signaling the housing market is on weaker footing during the key spring selling season. Purchases of newly built single-family homes-a relatively narrow slice of all U.S. home sales-declined 6.9% to a seasonally adjusted annual rate of 673,000 in April, the Commerce.

The inventory of new homes for sale rose to 336,000 in October. The median sales price fell 3.6 percent to $309,700, as the market is shifting to townhomes and other lower-cost houses. Looking at the regional numbers on a year-to-date basis, new home sales rose 6.3 percent in the Midwest, 4.1 percent in the West, and 3.8 percent in the South.

US New home sales unexpectedly Fall. The median sales price of new houses sold was USD 328,700 above USD 322,900 in the same month of the previous year. The average sales price jumped to USD 394,300 in July from USD 372,400 a year earlier.

New Home Sales Decline By Michael Neal on May 23, 2018 (). Sales of new homes fell by 1.5 percent over the month of April to a seasonally adjusted annual rate of 662,000. According to the report released by the Census Bureau and the Department of Housing and Urban Development, the small monthly decline partly reflected a downward revision to the estimate of new home sales in March from.

up from 646,000 in April. The south reported monthly sales growth of17.9 percent, while sales were flat in the Midwest and fell in the Northeast and West. For the first five months of this year,

Sales in the West dropped 7.9 per cent in April. The median new house price rose 0.4 per cent to US$312,400 in April from a year ago. There were 300,000 new homes on the market in April, the most in nine years and up 0.7 per cent from March. Supply is just over half of what it was as the peak of the housing market boom in 2006.

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