FHA Loan Articles

New-home sales decline in January to three-month low

That marks a 10-year low and a 53 per cent decline from last. increased by 350 units in January from December to 11,750 – a three- to four-month supply based on the pace of sales in the last year..

Bill Dobbins

“Low existing inventory likely pushes prospective buyers away from existing homes towards new homes, and as new home sales. thinks the decline in median prices is due to more sales of homes in the.

Housing: Home Sales Face Plant Out of the Starting Gate The home sales market’s poor start to 2018 continued with data released this week. New home sales fell sharply for the second consecutive month after jumping to a decade-high in November. Sales are now at their lowest level since August of last year.

First, use rolling 12-month periods While the calendar year is best because homebuilding and new home sales are at their low points in winter. concerns (stock market decline), 2019 could benefit..

Despite this monthly decline, new home sales rose 8.3 percent overall in 2017 to 608,000 units. "The number of consumers planning to buy a new home in the near future is trending upward," said NAHB Chairman Randy Noel, a custom home builder from LaPlace, La. "Inventory remains low, but its growth in 2017 is an encouraging sign.

Housing Bubble 2.0 - Homeownership Holds - Rental Rate Record - Sales Decline & Home Profit Down U.S. New-Home Sales Decline in January to Three-Month Low Purchases of new homes drop in three of four U.S. regions, led by the biggest decline in the Midwest since 2012.

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