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

New home sales regained all the ground they lost in June, jumping by 13,000 to an annualized rate of 372,000 in July, the Census Bureau and HUD reported Thursday. Economists surveyed by Bloomberg.

Millennials emerge as a bulwark against Canada housing bust Yet demand is so strong in central Canada and available homes so few that people shopped. but Quebec sales grew by 6.3 per cent driven by the province’s strong job market and healthy urban housing.

After two consecutive months of decline, existing-home sales around the country rebounded by 3 percent from January, according to the National Association of Realtors. Existing-home sales grew from 5.38 million in January to 5.54 million in February and are currently up 1.1 percent from last year.

Builder confidence remains strong as New Year Starts. The three HMI components registered relatively minor losses in January. The index gauging current sales conditions dropped one point to 79, the component charting sales expectations in the next six months fell a single point to 78, and the index measuring buyer traffic fell four points.

Sales of new 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. single-family home sales fell from the prior month to a 607,000 annualized pace, according to a government report Thursday that was delayed two weeks by the partial government shutdown.

New York providing grants to boost zombie property law compliance Queens home-sellers aren’t waiting for Amazon to raise prices StreetEasy’s price metric puts homes in the borough at $536,028 in 2018, which is a 7 percent increase from 2017. In the summer of 2018, two Queens neighborhoods saw median sales prices cross.The grant of $9 million is an extension to the 2016 zombie remediation and Prevention Initiative created by the Office of the New York Attorney General, the release stated.

There were 238,000 new houses on the market at the end of January, the most since October 2009. The median sales price of a new house decline 4.5 percent from January 2015 to $278,800. New-home sales.

NEW YORK (CNNMoney.com) — Sales of new homes plunged to a record low. rate of new home sales plummeted 11.2% to 309,000 last month, compared with a revised rate of 348,000 in December, the Census.

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Closings on existing homes, which usually take place a month or two after a contract is signed, decreased 7.1 percent to a three-month low 5.08 million annual rate after a 5.47 million pace in January.

Home sales dropping dramatically in B.C. but prices aren't low enough for buyers New Home Sales Drop 7.8 Percent to 5-Month Low in January. Economists polled by Reuters had forecast new home sales, which account for nearly 10 percent of the housing market, rising to a pace of 645,000 units last month. Sales tumbled 33.3 percent in the Northeast to their lowest level since August 2016.

New home sales in the midwest slipped in June to a seasonally-adjusted annual rate of 56,000 homes, a decline of 11.1 percent from the month before when sales were at a rate of 63,000 homes, according to a report just released by the U.S. Commerce Department.