Pace of new-home sales suggests steady housing strength

Most of the new construction came from single-family houses, which were being built at the strongest rate since May 2018. Still, overall housing starts in January were slightly below the 2018 total of 1.24 million as the pace of apartment construction slowed.

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THE pace of. came as the Housing Industry Association said that new home construction had passed its peak, with “little prospect” for further growth this financial year. hia chief economist Harley.

The rebound after December’s plunge fueled optimism among economists that new-home sales will improve. ease these pressures and increase sales. “Given the underlying strength in overall housing.

Freddie Mac raises origination forecast based on lower rates, more refis The average 30-year U.S. mortgage rate dropped to 3.67 percent in the week ended June 7, down from 5.05 percent in February, 2011, and the lowest since McLean, Virginia-based Freddie Mac began records.

New-home sales rose to an annual rate of 512,000 last month the Commerce Department said Wednesday, signaling a steady if unspectacular pace for housing activity. Economists had.

The housing market is stabilizing near 10-year highs, according to government data wednesday that showed sales of new homes were slightly less than forecast. Single-family home sales increased 0.8% month-to-month to a 610,000 annualized pace (the estimate was 615,000).

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The weak new home sales pace is at odds with other data that have suggested the housing market recovery is back on track. New house sales data, however, is volatile month-to-month because of a.

People on the move: June 22 Jeffrey Steffen is of counsel at Hutchison and Steffen. He practices corporate and commercial, landlord/tenant, asset protection, business planning, real estate and construction law. Jeffrey Mandelbaum, a technology consultant, joined the board of directors of Xumanii. Dana Adams is vice president.

It’s a statistic that suggests housing market weakness. However, in looking at a different component of the New Home Sales report – the supply of homes for sale – we’re forced to reconsider. At the current pace of sales, every new home for sale nationwide would be "sold" in a matter of 6.1 months.

Pace of U.S. New-Home sales suggests steady housing strength . The housing markets across the country haven’t been this stable in over a decade. lacie-hicks.cb1.so The U.S. housing market is stabilizing near 10-year highs, according to government data Wednesday that showed sales of new homes were slightly less than forecast.

How an Average Family in Tokyo Can Buy a New Home Strong Pace of Home Sales Closed sales in April of 2016 totaled 1,517, an increase of 20 percent from the same month in 2015. Cumulative sales for all of 2015 are 14 percent above the total sales volume in 2014. This level of increase in sales activity suggests a significant increase in demand in the housing market. declining surplus Housing.