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New homes sales tumble 11.4% in March

Here is how prices and sales moved at the community level. 4. Aliso Viejo 92656: $570,000 median, down 1.1% in a year. Price rank in Orange County: No. 66 highest of 83. Sales of 148 vs. 167 a year.

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Quality vs Quantity Builders - New Construction Tampa Homes For Sale A total of 3,618 homes were sold in the county, down from 3,980 during the same month the previous year. A total of 20,244 new. in March and up 6.2 percent from $456,500 in April 2016. “At first.

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Indeed, just a week after the government reported a 22.5% plunge in housing starts and just 48 hours after the National Association of Realtors, a trade group, chimed in with distressing data on sales of existing homes, the Commerce Department provided the hat trick by reporting that sales of new residences plunged by another 16.9%, to an annualized rate of 250,000 units in February.

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Housing momentum took an 11.4% dive in April to 565,000. but there was an upward revision in March. Mortgage News Daily reports New Home Sales Contract Sharply in April. Sales of newly constructed.

The Commerce Department said Tuesday that new-home sales skidded 11.4 percent in April to a seasonally adjusted annual rate of 569,000. It was the biggest monthly drop since March 2015.

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New-home sales in the US fell by much more than expected in April. Sales slumped by 11.4% at a seasonally adjusted annual rate of 569,000, the Census Bureau said in its monthly report. Economists had.

The Census Bureau reported Friday that new home sales finished the year at 1.06 million, down from the record 1.28 million reading in 2005. But new homes sold at a stronger. have to see how sales.

Not only did the seasonally manipulated adjusted annualized sales rate drop 11.4% from March, it was 6% below Wall Street’s consensus estimate. WASHINGTON (Reuters) – Sales of new U.S. single-family homes fell to a near two-year low in September. at a sustainable 3 percent pace for long if new home sales continue to tumble." The Commerce.

New-home sales in the US fell by much more than expected in April. Sales slumped by 11.4% at a seasonally adjusted annual rate of 569,000, the Census Bureau said in its monthly report. Economists had.

And in another bright spot, the inventory of homes available for sale last month fell to 3.29 million units, the lowest since March 2006. At December’s sales pace, that represented 7.2 months’ worth.

New home sales dropped 11.4% from February to March. New home supply jumped 15%. Lumber futures have been plunging since the beginning of the year. The Government’s Census Bureau (NYSE:CB.