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Sales of new US homes fell 3.4 percent in August
Sales of new U.S. homes slumped 3.4 percent in August, the second straight monthly decline. The Commerce Department said Tuesday that sales dropped to a seasonally adjusted annual rate of 560,000. This followed a 5.5 percent decline in July. Still, sales gains earlier this year mean that sales are running 7.5 percent higher year-to-date than […]
Sales of new homes rebound in October
Sales of new homes recovered in October after suffering a steep drop in September, indicating that the housing market may be stabilizing. The Commerce Department says new-home sales climbed 10.7 percent last month to a seasonally adjusted annual rate of 495,000. This rebound followed a 12.9 percent plunge in the sales rate during September. The […]
US new home sales fall sharply in September
Sales of new homes plunged sharply in September to the slowest pace in 10 months, as higher prices and slower overall economic growth weigh on the housing market. The Commerce Department said Monday that new-home sales slumped 11.5 percent last month to a seasonally adjusted annual rate of 468,000, the lowest level since November of […]
Sales of U.S. new homes soar in August
U.S. sales of new homes surged in August, led by a wave of buying in the West and Northeast.
U.S. new-home sales rose 6.4 percent in April
Sales of U.S. new homes recovered in April after slumping in the previous two months. But Americans are still buying new homes at a slower pace than they did a year ago.
Sales of new homes slip 4.6 percent in February
WASHINGTON — Sales of new homes fell in February after climbing to the highest level in more than four years in January. Sales of new homes dropped to a seasonally adjusted annual rate of 411,000 in February, the Commerce Department reported Tuesday. That is a decline of 4.6 percent from the January level of 431,000, […]
New home sales edged down 0.3 percent in August
WASHINGTON — Sales of new homes in the United States dipped slightly in August from July but the median price of homes sold during the month rose by a record amount. New-home sales edged down to a seasonally adjusted annual rate of 373,000 in August, a dip of 0.3 percent from July’s revised rate of […]
New-home sales fall to 350K, 5-month low
WASHINGTON — Americans bought fewer new homes in June after sales jumped to a two-year high in May. The steep decline suggests a weaker job market and slower growth could make the housing recovery uneven. The Commerce Department said Wednesday that sales of new homes fell 8.4 percent last month from May to a seasonally […]
Sales of new homes rose 3.3 percent in April
WASHINGTON — Americans bought more new homes last month, the latest evidence that the U.S. housing market could be starting to recover. New-home sales increased 3.3 percent in April from March to a seasonally adjusted annual rate of 343,000, the Commerce Department said Wednesday. Sales rose sharply in every region of the country but the […]
Contracts for homes across U.S. rose last month
WASHINGTON — An index that tracks the number of signed contracts to buy U.S. homes rose to its highest level in nearly two years last month, the latest sign the battered housing market is slowly improving. The National Association of Realtors said Thursday that its index of sales agreements increased 4.1 percent last month to […]
Foreclosures squeeze U.S. home prices, sales
WASHINGTON — Rising foreclosures are weighing on the U.S. housing market, reducing prices and keeping new-home sales weak. Foreclosed homes are usually sold at steep discounts, thereby lowering average prices. And by expanding the supply of low-priced previously occupied homes, foreclosures tend to limit demand for new homes. Some economists expect foreclosures to keep prices […]
New-home sales dip after 4 straight monthly gains
WASHINGTON — Sales of new homes dipped in January but the final quarter of 2011 was stronger than first estimated. The Commerce Department said Friday that new-home sales fell 0.9 percent last month to a seasonally adjusted annual rate of 321,000 homes. That followed four straight months of gains in which home sales rose 10 […]
