New-home sales declined more than forecast in December

New-home sales slump 7% in April after reaching the best level of the cycle. and there were upward revisions to every month stretching back to December. Sales were 7% higher than a year ago in.

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A larger-than-forecast decline in new-home purchases in April from the strongest pace in almost a decade indicates a pause in demand in the midst of the busy spring selling season, government data showed Tuesday. Single-family home sales decreased 11.4% to a 569,000 annualized pace (the median forecast called for a 610,000 rate).

U.S. new home sales fall more than expected in April.. April’s decline followed three straight monthly increases. Economists polled by Reuters had forecast new home sales, which account for.

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Numbers greater than 50 signal expansion. The median forecast of. to freddie mac data. New home sales dropped to 394,000 last month, the lowest reading since October, according to Commerce.

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Photographer: Daniel Acker/Bloomberg Sales of new U.S. homes unexpectedly rose in December. to new home sales in October and November suggest BEA’s assumptions for fourth-quarter residential.

December’s sales pace was revised higher to 652,000 units from the previously reported 621,000 units. Economists polled by Reuters had forecast new home sales, which account for about 11 percent of housing market sales, slipping 0.6 percent to a pace of 620,000 units in January.

U.S. new home sales fall more than expected in April. Economists polled by Reuters had forecast new home sales, which account for about 10% of housing market sales, would decrease 2.8% to a.

U.S. New-Home Sales Fall More Than Forecast in December Despite the falling home sales numbers, experts believe residential construction will remain strong through spring.

That followed March’s sales pace of 723,000 units, which was the highest level since October 2007. April’s decline came after.

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