New home sales dropped 11.4% from February to March. New home supply jumped 15%. Lumber futures have been plunging since the beginning of the year. The Government’s Census Bureau (NYSE:CB.
Tuesday, the U.S. Commerce Department said that new home sales fell 11.4% in April, to a seasonally adjusted annualized rate of 569,000 homes, down from March’s revised rate of 642,000 units. According to consensus forecasts, economists were expecting to see a modest drop to 611,000 units.
New-Home Sales Trend Looks Solid. New sales fell 11.4% even as existing home sales climb to 6.1% what does this mean for home builders and the housing market overall? Avison Young’s Jason Meister joins MoneyBeat. Kris.Hudson@wsj.com Updated April 23, 2015 5:42 p.m. ET The spring home-selling season is off to a strong start.
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Sales of new single-family houses in March 2015 tumbled back down to a seasonally adjusted annual rate of 481,000, 11.4% below last month’s revised estimate of 543,000, the latest report from.
Data from the Census Bureau showed that new home sales rebounded and rose 6.8% to an annual rate of 517,000. Economists had expected that new home sales rose 5.0% to an annual rate of 505,000. In.
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New-home sales tumble in April after soaring to 10-year high in March. April’s figures were 11.4% lower for the month, but 0.5% higher than in the same period a year ago.. There were more.
After a slight tumble in February. highlighted 514 new and existing home sales across the Peninsula in March. That’s about a 38.5 percent increase from 371 homes sold in March 2014. According to.
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Purchases of new, single-family homes, which account for a narrow slice of all U.S. home sales, decreased to a seasonally adjusted annual rate of 569,000 in April, down 11.4% from March, the Commerce.
The sales rate for new single-family homes dropped 11.4% to 481,000 in March, hitting the slowest pace since November, the U.S. Commerce Department reported.
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The Commerce Department said Tuesday that new-home sales skidded 11.4 percent in April to a seasonally adjusted annual rate of 569,000. It was the biggest monthly drop since March 2015.