U.S. new-home construction rebounded by more than expected in January amid strength in single-family starts and a nine-month high for permits, signaling the market is stabilizing thanks to lower.
Tax reform had an effect on nearly half of homebuyers: Redfin Bates so far has been unwilling to risk the effect that life in a lower-income urban neighborhood. In Eden Prairie, the city has focused on homeownership, with deferred loans for first-time home.
New-home sales declined more than forecast in December. The median sales price increased 2.6% year-over-year to $335,400. The supply of homes at the current sales rate rose to 5.7 months from 4.9 months; 295,000 new houses were on market at the end of December. Purchases totaled 608,000 in 2017, up from 561,000 a year earlier.
Time to close home loans for millennials varied widely Time to Close for Millennials Swings From State to State – The average time it took for millennial borrowers to close an FHA loan-one of the more popular types of loans for millennials-was 44 days, up by one day from June, according to the Tracker.
December’s sales pace was revised higher to 652,000 units from the previously reported 621,000 units. Economists polled by Reuters had forecast new home sales, which account for about 11 percent of housing market sales, slipping 0.6 percent to a pace of 620,000 units in January.
Sales of newly constructed homes plunged in December as the housing market’s recovery sputtered. New-home sales declined. than an upwardly adjusted November pace of 598,000 and 0.4% lower than a.
New-home sales. U.S. Sales rose by 9,000 units in the Midwest and declined by 10,000 in the western states. Economists had expected sales at an annual rate of 450,000, according to a survey by.
Purchases of new homes fell more than estimated in September to the weakest pace since December 2016, adding to signs that a lack of affordability is crimping demand, according to government data.. New-home sales fall more than forecast to least since 2016. The decline in purchases was led.
Median new home sales price (price of the home in the middle of the distribution) fell to $318,700 in November. Average home price declined to $377,100. Managing rising construction costs in the months ahead will be a key challenge for housing affordability, as input costs increase.
The Commerce Department said new home sales declined 9.3 percent to a seasonally adjusted annual rate of 625,000 units last month. The percentage decrease was the largest since August 2016. Unseasonably cold temperatures at the end of December probably also hurt sales.
People on the move: Oct. 6 People on the move: october. schedule sep 26, 2017 queue Save This. print; print; Here’s a list of the movers and the shakers in the privacy profession within the last month or so. Have a move or a shake of your own you’d like mentioned? Email email@example.com.
Sales at U.S. retailers dropped more than forecast in August, indicating a pause in recent consumer-spending strength that has carried the economy. Retail sales decline in August by more than forecast
Purchases of new houses in the U.S. fell more than forecast. or new-home sales. We’re in a period where demand and supply will run well below average.” The median estimate of 70 economists surveyed.
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