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Pace of new-home sales suggests steady housing strength

The pace. has led to steady growth in new home sales this year, even as sales of existing homes has declined 1.5 percent, according to the national realtors association. "Through the volatility,

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Construction on new houses rose almost 6% in April, but builders still lagged behind last year’s pace despite a big drop in mortgage rates. Housing starts.

The U.S. housing market is stabilizing near 10-year highs, according to government data Wednesday that showed sales of new homes were slightly less than forecast. Avenue Mortgage, LLC NMLS #1115220 August 7, 2017

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Insights From the Vancouver Housing Conference PDF New Home Sales – assets.realclear.com – May New Home Sales: Slowly But Steadily, New Home Sales Climb Higher. New home sales rose to an annual rate of 689,000 units in May from April’s revised sales rate of 646,000 units. Months supply of inventory stands at 5.2 months; the median new home sale price fell by 3.3 percent on a year-over-year basis.

New home sales surged forward in January and inventories dipped to their lowest in 8 years as housing demand continues to return. On an annual seasonally-adjusted basis, new homes sold at a 437,000 pace in January, up 15.6% from December and 28.9% from a year ago.

New-Home Sales Suggests Steady Housing Strength. Pace of U.S. New-Home Sales Suggests Steady Housing Strength.. according to government data Wednesday that showed sales of new homes were slightly less than forecast. Bloomberg.

"The sustained steady gains in home sales can occur when home price appreciation grows at roughly the same pace as wage growth.". Forty-seven percent of homes sold in March were on the market for less than a month. Yun says tax policy changes will likely add further complications to the housing.

March New Home Sales: Is March’s Strong Sales Pace Sustainable? New home sales rose to an annual rate of 621,000 units in March from February’s revised sales rate of 587,000 units. Months supply of inventory stands at 5.2 months; the median new home sale price rose by 1.2 percent on a year-over-year basis.

Pace of U.S. New-Home Sales Suggests Steady Housing Strength The U.S. housing market is stabilizing near 10-year highs, according to government data Wednesday that showed sales of new homes were slightly less than forecast.