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

 · (Bloomberg) — Sales of new U.S. homes in January fell to the weakest pace since October, driven by a decline in the Midwest as still-elevated prices keep buyers on the sidelines. New-Home Sales Decline in January to Three-Month Low

Sales of existing homes suffered their biggest drop in three years in January, but the news was bad for consumers trying to buy homes, not those trying to sell them. In short, the 3.2 percent.

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"New home sales in August disappointed expectations for an increase, and instead declined 3.4% month-over-month to 560,000 units SAAR, a 2017 low," said Lee Stafford, Ally Financial managing.

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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. – Sales of new homes fell to a three-month low in January, driven by a decline in the Midwest as the housing sector continued to deteriorate.

In Q1 2018, the Sonoma County median house sales price hit a new high of $681,000, It is not unusual for monthly median sales prices to drop during what is often. the 3-month period of December, January and February sales: Dramatic.

Sale of new single-family homes fell 7.8 percent in January 2018 compared to the month before, according to the data on new home sales released by the U.S Census Bureau and the U.S. Department of.

At January’s sales pace it would take 6.1 months to clear the supply of houses on the market, the most since July 2014 and up from 5.5 months in December. The median price for a new home increased 2.5 percent in January to $323,000 from a year ago.

That marks a 10-year low and a 53 per cent decline from last. increased by 350 units in January from December to 11,750 – a three- to four-month supply based on the pace of sales in the last year..