New-home sales declined more than forecast in December

Buyers return to Toronto’s housing market  · Canadian Real Estate. Some of our favorite insights were on overbidding, and going over budget. 55% of recent buyers in Toronto and Vancouver report they engaged in a bidding war. To contrast, only 17% did so in Montreal. In Toronto and Vancouver, a whopping 48% of buyers spent more than they budgeted.

U.K. retail gross revenues dropped more than economic experts forecast in February after a rush the old month when shoppers brought frontward disbursement to crush a revenue enhancement addition. gross saless fell 0.8 per centum from January, when they jumped a revised 1.5 per centum, the Office for National Statistics said today in London.

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December sales had been expected to fall after strong November figures, but the drop was steeper than economists had forecast. cited as a cause More: mortgage applications jump 4.5% as buyers rush.

Imports declined more than exports, signaling weakening consumer demand, but the overall shrinking of the trade deficit gave a small lift to GDP estimates for the first quarter. Highlights Trade activity slowed sharply in March though the deficit narrowed, down a sharp 9.5 percent to.

Report: Home sales in Las Vegas declined in November  · New home sales in the South, which accounts for the bulk of transactions, declined 7.3% in April. Sales in the Midwest dropped 7.4% and those in.

 · Retail sales volume declined by 0.6% on a month on month basis in September from the 1.7% increase recorded in August. The drop was more than the 0.5% dip forecast by economists.

 · The NAR foresees an even sharper drop of 18.2% in new home sales. 5 Nonetheless, most Americans expect that the good times will continue for homeowners and sellers. Looking ahead, more than six-in-ten people (62%) say they expect their local real estate prices to rise over the next few years, more than double the proportion who expect prices to fall (28%).

Mortgage application volume drops after rate hike NYC Council approves Midtown rezoning, paving way for new towers Get ready for a ton of new office space (maybe): City Council greenlights rezoning of Midtown East The City Council on Wednesday cleared the way for 6.5 million square feet of new office space to rise in Midtown East. The council.Mortgage applications rise after rates drop | The Federal. – After a slow start in the first week of the new year, mortgage application activity soared in the second week after interest rates fell. For the week ending Jan. 10, mortgage applications increased 11.9 percent from the previous week, according to the Mortgage Bankers Association.

Purchases of new homes dropped more than forecast in January as contract signings slumped in the western United States by the most since May 2010. Sales declined 9.2% to a 494,000 annualized pace.

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.

Despite December Decline, New Home Sales End 2017 Higher By Michael Neal on January 25, 2018 (). According to the US Census Bureau and the US Department of Housing and Urban Development, sales of new single-family homes moderated in December 2017, giving back a portion of the gains accrued in November.

Highlights of New-Home sales (december) single-family home sales fell 9.3% m/m, the most since Aug. 2016, to 625k annualized pace (est. 675k) after 689k rate (revised from 733k) Median sales price.

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