Existing-home sales fall to three-year low, miss estimates

Homebuilders are sinking – and blame that on disappointing economic data and earnings reports that trailed estimates.. Homebuilders fall to 10-month low on sales data, earnings miss. That added to pessimism that appeared Tuesday when data showed existing-home sales dropped for the.

 · The median sales price of new houses sold in July 2011 was $222,000; the average sales price was $272,300. The seasonally adjusted estimate of new houses for sale at the end of July was 165,000. This represents a supply of 6.6 months at the current sales rate.

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Per the National Association of Realtors or NAR, 2016 was the best year in a decade for existing home sales, even after the decline in December, courtesy of the ongoing affordability tensions and.

Expected slowdown in remodeling is good news for mortgage business Expected slowdown in remodeling is good news for mortgage business remodeling activity stepped up in recent years as homeowners stayed put for nearly twice as long as before the housing bubble burst, but several forecasts point to a potential slowdown on the horizon, which is a welcome sign for the mortgage business. Housing.

U.S. Existing Home Sales Fall to Three-Year Low, Miss Estimates An "Open House" sign is displayed as potential home buyers arrive at a property for sale in Columbus, Ohio. Photographer: Ty Wright/Bloomberg

Existing-home sales fall to 5-year low. A key gauge measuring home builders’ confidence fell to a 16-year low in July, and building permits for single-family homes fell further in June.

Sales of previously owned homes fell to the slowest pace in more than three years, falling short of estimates and indicating that the housing market remained in a slowdown as the year ended. contract closings decreased 6.4% from the prior month to an annual rate of 4.99 million in December, the National Association of Realtors said Tuesday. The median sales price rose 2.9% from a year earlier, the least since February 2012, to $253,600, while inventory increased.

Existing home sale prices rose 4.8% in May, and that’s about 89% of the market. While the HPI is a long way from the 6% growth we saw in late 2018, we might get a bounce back toward 3% or more when we get the May figures. One month doesn’t change a trend, but it will make those trying to sell homes feel better. New Home Sales Fall 7.8%.

U.S. Existing Home Sales Fall to Three-Year Low, Miss Estimates Shobhana Chandra , Bloomberg News (Bloomberg) — Sales of previously owned U.S. homes fell to the slowest pace in more than three years, falling short of estimates and indicating that the housing market remained in a slowdown as the year ended.

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