New-home sales slump 7% in April after reaching the best level of the cycle – MarketWatch – UKA News

Sales of new U.S. homes have zig-zagged up and down for months, Economy & Politics. slump in new-home sales, mortgage rates are reviving the housing market. Yet in a good sign the level of sales last month was 4.3% higher. one year ago, when the housing market hit a rough patch after years.

Read: New-home sales slump 7% in April after reaching the best level of the cycle Mortgage rates remain low , and together with slowing price growth, will help more people afford more home.

Pending home contracts become sales after a month or two. Contracts were up 0.7% from a year ago. The PHSI in the Northeast declined 0.2% to 94.0 in February, but is still 12.6% above a year ago.

The United States housing bubble was a real estate bubble affecting over half of the U.S. states. Housing prices peaked in early 2006, started to decline in 2006 and 2007, and reached new lows in 2012. Economies should cycle".. National home sales and prices both fell dramatically in March 2007 – the steepest.

Sales of new private homes in singapore including executive condominiums declined by more than 65 percent to 531 units after reaching 1,528 units in May, according to data published today by the Urban Redevelopment Authority (URA). Singapore witnessed an almost doubling of private new home sales during

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Annual House Price Growth Eased to 2.7% in December 2017.. Halifax notes that sales in the UK have exceeded 100,000 for the eleventh consecutive month – reaching 104,200 in November.. Please tick the following box if you would like to receive UK property market news, updates, analysis and.

Existing homes sales in the U.S. rebounded more than anticipated in March. According to the National Association of Realtors, existing home sales grew 5.1% in March to an annual rate of 5.33 million units. February’s sales pace was revised lower to 5.07 million from the 5.08 million previously reported.

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April’s figures nearly matched the MarketWatch consensus forecast for a 670,000 pace of sales. What happened. Meanwhile, the pace of new-home construction is still tepid. In the year to date,