New-home sales slump 7% in April after reaching the best level of the cycle – MarketWatch – UKA News

Sales in the South decreased 1.3% and are 1.7% lower than a year ago with a median price of $208,200, up 4.3% year on year while in the West sales fell 5% and are 9.5% below a year ago at a median price of $362,600, up 8% from January 2017.

From the NAR: pending home sales Rise in January to Highest Level in 18 Months The Pending Home Sales Index, a forward-looking indicator based on contract signings, climbed 1.7 percent to 104.2 in January from an upwardly revised 102.5 in December and is now 8.4 percent above January 2014 (96.1).

After posting the largest monthly increase in over six years in March, Australian new home sales fell heavily in April. According to data released by Australia’s Housing Industry Association.

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 · Economists React: Double-Edged Sword’ in Housing Starts. Moving further ahead, single-family starts will continue to improve, but the recovery will be a slow one, lasting two to three years. Next, the bad news. The market for multi-family homes is in a.

Home Business New-home sales slump 7% in April after reaching the best level of. New-home sales slump 7% in April after reaching the best level of the cycle – MarketWatch. By. Paul Sterling – May 24, 2019. UKA News is an online blog. The most popular news blog on the internet today have.

Read: New-home sales slump 7% in April after reaching the best level of the cycle Mortgage rates remain low , and together with slowing price growth, will help more people afford more home.

A forecasting gauge of housing-market activity fell more than twice as much as was expected in January as some buyers held off on home purchases.

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The economy generated a stronger than expected 263,000 new jobs in April, helping to drive down the unemployment rate to a 49-year low of 3.6%. The increase in new jobs easily topped the 217,000 MarketWatch forecast. The jobless rate slid from 3.8% in March to hit the lowest level.

Sales of newly-constructed homes fell but sales figures from earlier months were found to be much higher, painting a drastically different picture of the residential construction landscape than.

3 Things to Know in the Housing Market Today!  · Some we just don’t know yet. The following three areas of the housing market are critical to understand: interest rates, building materials, and the outlook for an economic slowdown. 1. interest Rates. One of the most important things to consider when buying a home is the interest rate you will be charged to borrow the money.