New Home Sales Down 6.9% in April

Sales of newly-constructed homes fell but sales figures from earlier months. New-home sales slump 7% in April after reaching the best level of the cycle. That was 6.9% lower than March, but that month's tally was revised.

Industrial output in Argentina fell 6.9 percent year-on-year in May 2019, after a downwardly revised 8.7 percent decrease in the previous month and compared with market expectations of a 3.8 percent decline. It was the thirteenth straight fall in industrial output, but the softest in nine months.

Sales of new single-family houses in the united states dropped 6.9 percent from the previous month to a seasonally adjusted annual rate of 673 thousand in April 2019, from a revised 11-1/2-year high in March, while markets had forecast a 2.8 percent fall to 675 thousand.

US new-home sales slumped 6.9% in April; sales of homes deemed affordable for middle class source of decline.

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Sales were 4.4% lower compared with April 2018. That was the 14th straight month of annual declines. Existing sales make up about 90% of the total sales market, as new. pace. homes sat on the.

New single-family home sales increased to a seasonally adjusted annual rate of 662,000 in April, according to the U.S. Census Bureau and the Department of Housing and Urban Development. The April level was 1.5% below the downwardly revised March rate of 672,000 and 11.6% above the April 2017 estimate.

Housing sales increased six per cent across the nine cities during April-June 2019 to 61,789 units as against 58,292 units in.

New Home Sales Sales of new singlefamily houses in May 2019 were at a seasonally adjusted annual rate of 626,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.

Sales fell 6.9% in June compared with May and were down 8% annually, according to CoreLogic. That is the slowest June pace since 2014. Historically, sales usually gain an average 5.8% from May to June. Sales have been falling on a year-over-year basis for 11 straight months, but the drops had been shrinking in April and May.

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Data for March and April were also revised lower. However, June’s new home sales registered a year-over. We have narrowed.

This morning’s release of the April New Home Sales from the Census Bureau came in at 673K, down 6.9% month-over-month from a revised 723K in March.