New Home Sales Collapse 8.9 Percent Even as Prices Fall
Down 12 percent compared with last year. All U.S. regions report declines.

Down 12 percent compared with last year. All U.S. regions report declines.
Amazon employees reportedly bought property near the company’s HQ2 location in New York City before the public announcement was made.
Wall Street billionaires hope the Democratic takeover of the House of Representatives may have created an opening for them to plunder billions from U.S. taxpayers.
Britain’s National Infrastructure Commission (NIC) is proposing to build a million homes between Oxford and Cambridge, with campaigners claiming the plan would lead to the destruction of 67,000 acres of greenfield countryside.
The smallest house in San Francisco currently on the market is priced at $650,000 for a “shabby” 480 square feet shanty.
Housing starts and mortgage applications were lower than expected. It may be time for the Fed to rethink its plan to hike interest rates further.
The Government is releasing thousands of acres of green belt land for developers to concrete over, as a population boom driven by mass immigration exacerbates a surging demand for housing.
Local authorities in the north-east of England are declining to house criminal migrants, citing dangers to “social cohesion”.
The lower than expected sales figures are a sign the housing market is cooling off
Los Angeles County Supervisors approved a mobile home park rent-control ordinance on Tuesday for unincorporated areas that will limit rental pad inflation to 3 percent a year — the latest sign of high housing costs in L.A.
Theresa May’s government has proposed building “a lot more” houses in rural England to alleviate the country’s mass migration-driven housing crisis, as campaigners warn the green belt is already being torn up for developments at an “alarming rate”.
“A Federal Housing Finance Agency staffer accused FHFA Director Watt of repeatedly making inappropriate sexual advances when she tried to discuss career and salary concerns,” Politico reported Friday.
New home sales indicate that housing will continue to contribute to the economy for several months.
While lumber prices are up sharply this year, there is little evidence connecting the tariffs to the rise. Instead, the major factor appears to be increasing demand for new homes.
A new study suggests that the birth rate is collapsing in the San Francisco Bay Area, partly due to high housing prices, as women are delaying childbirth until they can afford living space in which to raise children.
A new poll released Sunday found that nearly half of California’s Bay Area residents want to exit the area within a few years over the cost of living and unaffordable housing prices.
A new study suggests that policymakers looking to tame the rising cost of U.S. houses may want to cut back on immigration. It also finds that the friendlier an area’s population is to new immigrants, the more house price inflation is exacerbated.
Officials at the Department of Health and Human Services are visiting four military bases to see if they can be used to house young migrants while their parents’ deportation and asylum cases are processed, according to The Hill.
The latest quarterly economic survey by California’s Next 10 and Beacon Economics found that Los Angeles is shrinking while the Bay Area is adding residents.
An attempt by California Democrats to increase affordable housing by ending zoning restrictions near urban transit stations was dropped last month due to a revolt by the urban poor whom the bill was ostensibly intended to benefit.
Housing and Urban Development (HUD) Secretary Dr. Ben Carson responded to critics of his agency’s new housing aid reform, calling out the left’s failure to recognize the “perverse incentives” of welfare policies that “keep [people] in a very dependent situation”, during an interview on Breitbart News Daily.
Dr. Ben Carson, the Secretary of Housing and Urban Development (HUD), toured a homeless women’s center on Los Angeles’s infamous Skid Row Tuesday as part of a fact-finding mission aimed at tackling homelessness and providing job training for inner-city communities throughout the United States.
Mass migration has pushed up house prices by 20 per cent, the housing minister has confirmed, admitting the link between open borders and soaring property prices.
Housing and Urban Development (HUD) Secretary Dr. Ben Carson told Breitbart News it is his aim to ensure federal contracting jobs and other economic opportunities go to “our people” and that his agency will cooperate “very much” with the Department of Justice to enforce the U.S.’s immigration laws.
A homeowner in Sacramento, California, who has put her family home on the local real estate market is refusing to sell it to anyone who supports President Donald Trump.
Efforts to tackle Britain’s housing crisis “will fail” as long as the government neglects to mention its “root cause”, mass migration, the Conservatives have been warned following Theresa May’s speech on housing.
Rough sleeping has soared to record levels, with nearly 5,000 people estimated sleeping rough last year in England, while councils rolled out the red carpet for refugees.
A parliamentary committee of MPs has demanded the government release official estimates on the number of illegal migrants in the country as mistrust and “public concern about it has increased”.
A liberal Texas activist group asked the U.S. Department of Housing and Urban Development to hold Hurricane Harvey relief funds and other grant monies from Houston until the City fully addresses policies that promote “racial discrimination and perpetuation of segregation.”
So basically, after blasting the British government for agreeing to help a full 20,000 refugees, Cumberbatch is unwilling to house even one.
Billionaire special interests are seeking special favors from the Democrats who control California state government to waive costly and time-consuming environmental regulations.
California’s Democrat-dominated legislature passed a measure that would make it illegal for landlords to report tenants suspected of being in the country illegally, and would also allow illegal alien tenants to sue their landlords over any violations of code.
The average sales price of a Silicon Valley home is up 6.4 percent in the last 12 months. But at the increasingly unaffordable price of almost $1.5 million, the volume of sales is down 11 percent over the same period.
Comedian and Family Feud host Steve Harvey says President Donald Trump has been making good on his promises to help restore America’s underprivileged communities.
Traffic congestion and skyrocketing housing prices have caused approximately 46 percent of the Bay Area’s millennial residents to start looking at potentially exiting the increasingly unlivable region.
On March 7, Los Angeles voters will have the opportunity to vote for or against a two-year moratorium on thousands of real estate development projects in the City of Los Angeles.
Almost half of all new houses built in the UK over the next five years will go to migrants, meaning an extra home will need to be constructed every five minutes.
The Senate Committee on Banking, Housing, and Urban Affairs will meet in executive session Tuesday morning “to vote on the nomination of Dr. Benjamin Carson, Secretary-Designate, U.S. Department of Housing and Urban Development.”
Dr. Ben Carson will testify at Thursday’s hearing before the Senate Committee on Banking, Housing, and Urban Affairs on his nomination to become Secretary of Housing and Urban Development that growing up poor in Detroit gave him a unique understanding of the job for which he is being considered.
Median rent in San Francisco has skyrocketed above $4000 a month. Ben Carson’s HUD can play a vital role in stopping this anti-market behavior.