New Home Sales Down 6.9% in April

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· WASHINGTON – Sales of new U.S. homes sank 6.9% in April, driven by a decline in the sale of homes worth less than $300,000 that are generally bought by middle class and first-time buyers. The Commerce Department said Thursday that new homes sold at a seasonally adjusted annual rate of 673,000 in April, down from 723,000 in March.

New Home Sales Down 1.5% In April. This is 1.5 percent (11.8 percent)* below the revised March rate of 672,000, but is 11.6 percent (23.7 percent)* above the April 2017 estimate of 593,000. The median sales price of new houses sold in April 2018 was $312,400. The average sales price was $407,300. [ Full Report]

But the pace in the West was off 12%, with the South off 1.5% and the Midwest up 6.9%. The median sales price of new houses sold in September 2018 was $320,000, up marginally from August but down.

US new-home sales climbed 6.7 percent in May. up 17.9% in South but down in West, Northeast. up from 646,000 in April. The South reported monthly sales growth of 17.9 percent, while sales.

WASHINGTON (AP) – US new-home sales slumped 6.9% in April; sales of homes deemed affordable for middle class source of decline.

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 · New home sales fell 6.9% to a 673,000 annualized pace in April, down from an 11-year high a month earlier, while existing home sales fell 0.4% from March to a.

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New home sales down 0.6% in February 10:00 AM ET Fri, 23 March 2018 CNBC’s Rick Santelli and diana olick report the latest read on new home sales and median home prices.

Chinese economic growth slowed to 6.3% in 2019 compared with 6.9%. homes for sale, foreign buyers have long been big players in the newly built housing market, where homes come at a price premium.

The U.S. government is reporting that sales of new single-family houses in April, 2018 were at a seasonally adjusted annual rate of 662k, which is 1.5% below March’s revised number. However, April’s rate was 11.6% higher than April 2017. The median sales price of new houses sold in April 2018 was $312,400 and the averageRead More