When President Trump took office two months ago, his administration announced it would deliver “emergency price relief” to a nation strained by Bidenflation. That included a promise to “drastically lower the cost of housing and expand housing supply.”
Americans bought new homes at a much faster pace in the month after the presidential election than analysts expected.
Sales of new single-family homes fell 11.3 percent to an annual pace of 619,000, the lowest since November, data from the Census Bureau showed Wednesday.
Sales of new homes jumped 8.8 percent to a seasonally adjusted annual rate of 693,000 in March, the highest rate of sales since September of last year. Economists had expected a rate of 670,000. The numbers are reported at an
New home prices in China slipped again in January, and existing home sales slipped even more, notching the steepest decline in nine years.
Sales of newly built homes in the U.S. surged by much more than expected as buyers were drawn in by falling interest rates, data from the Commerce Department indicated Thursday. New home sales rose 8 percent to an annual rate
Not only were October sales weaker, the previous three months were all revised down.
Americans looked past soaring interest rates to buy new homes at a stunning pace in September. The Commerce Department said new home sales rose 12.3 percent from the prior month to an annual rate of 759,000 in September, far more
The rapid rise in mortgage rates has pushed many owners of existing homes out of the market, giving a boost to home builders and the market for new homes.
Sales cam in much lower than expected.
Sales rose 4.1 percent to an annual rate of 683,000 in April, the Commerce Department reported Tuesday.
New home sales jump to 683,000, must higher than expected.
The today’s economic data is hard to square with the idea that the economy is on the brink of a recession.
Sales of new homes in the U.S. moved up in February after a big downward revision to the prior month’s estimate. The Census Bureau said Friday that purchases of new single-family homes rose 1.1 percent to a annualized pace of
The housing market has been weird for almost a year and now it appears to be on the verge of flipping that weirdness upside down.
Fed policy of tightening did not transmit to the new homes market last month.
The Fed fight against inflation is battering the housing market.
People rushed to find a new home before the interest rate deluge washed affordability away.
A much bigger drop than expected.
Sales of new homes in the U.S. plunged 8.1 percent to a seasonally-adjusted annual rate of 590,000 in June, a far slower pace than expected by economists.
What does Burry see that reminds him of 2008?
A sharp slowdown in home sales can be a tell-tale sign that an economic slump is lurking ahead.
Mortgage rates and high prices held back sales in February.
The median price of a new home was $423,300 in January, a seven percent from $395,500 the previous month, reflecting the Bidenflation hitting construction materials.
Pricier homes now make up a much larger percentage of the market than a year ago.
The U.S. is building new homes at a faster pace than expected but it is not building many inexpensive homes that could be purchased by first-time buyers or Americans with modest incomes.
Sales of new homes came in much, much lower than expected for June, suggesting high prices are deterring buyers.
Sales of new U.S. single-family homes unexpectedly fell in May, falling to the lowest level in a year as supply constraints have pushed up prices. The Commerce Department said on Wednesday that new home sales tumbled 5.9 percent to a
The Commerce Department said on Friday that new home sales surged 20.7 percent to a seasonally adjusted annual rate of 1.021 million units last month, the fastest pace of sales since 2006.
Economists had expected sales to cool to 875,000 from the hotter than expected 923,000 in January.
Sales of new homes soared in January to a blistering seasonally adjusted annualized rate of 923,000, the Commerce Department said Wednesday.
Home prices are up 8 percent compared with a year ago.
The homebuying boom of 2020 appears to have lost some steam in November. Sales of newly built homes fell sharply in November to a seasonally adjusted annual rate of 841,000, according to data released by the Census Bureau Wednesday. That
New single-family houses sold in October at a seasonally adjusted annual rate of 999,000.
An unexpectedly month-over-month decline for new home sales.
Sales of newly built homes surged to their highest level since 2006 in August. The Census Bureau reported Thursday that sales of new single-family homes hit a seasonally adjusted, annualized rate of 1.011 million. This was well above expectations for
Americans are in a stampede to buy houses to shelter from disease, crime, shuttered schools, and other urban dangers.
A huge boost in home sales in May indicates an economy recovering faster than expected.
Economists expected a sharp decline in sales of new homes for April. Instead, sales actually rose from March.
New home sales are up 18.6% above last year’s level, providing a powerful economic boost to the U.S. economy.
