New-home sales dropped in July after solid first-half run

The second-quarter upswing pushed overall consumer- and non-consumer spending up 2.2 percent for the first half of the year. the nation’s economy in the long run. Nationally, retail sales rose.

Washington – U.S. sales of new homes last month registered the biggest drop in more than two years. The Commerce Department said Tuesday that new-home sales skidded 11.4 percent in April to a.

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U.S. new-home sales fell in June to the weakest pace in eight months, the latest evidence that the housing market is cooling. Purchases of newly built single-family homes-a narrow slice of all U.S. home sales-decreased 5.3% from the prior month to a seasonally adjusted annual rate of 631,000 in June, the Commerce Department said Wednesday.

U.S. New-Home Sales Dropped in July After Solid First-Half Run – A decline in U.S. purchases of new homes in July may be a sign the industry took a breather following an even stronger run of sales than previously reported, according to government data Wednesday..

 · Single family starts have risen by 6.5% over the last twelve months compared to the prior year while new home sales are growing at a similarly strong 9.4% rate.

July. first half of the year and flagged a "marked deterioration" in UK construction activity this year. The dour outlook weighed on the shares of homebuilders. Persimmon, which had in the previous.

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Housing Predictions for 2018. New homes are expected to be a “primary driver of sales in 2018,” as 1.33 million housing starts are predicted next year-up from 1.22 million in 2017, according to Freddie Mac’s September Outlook report, which gauges future real estate activity. Total home sales are expected to increase about 2 percent from 2017 to 2018, according to the report.

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Overall, housing construction and permits appear to be plateauing after. drop (5.4 percent) from its peak while the Midwest HMI is off 18.1 percent from the recent high. Housing permits is one of.

The average sales price was $377,200. For Sale Inventory and Months’ Supply The seasonallyadjusted estimate of new houses for sale at the end of May was 333,000. This represents a supply of 6.4 months at the current sales rate. The June report is scheduled for release on July 24, 2019.

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Rapid Reaction: July New Home Sales By Aaron Terrazas on Aug. 23, 2017 July new home sales fell 9.4 percent from June and 8.9 percent from a year ago, to 571,000 (SAAR), according to the Census Bureau – the lowest level since December 2016.

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