After hitting a five-year high in June, new-home sales plummeted in July, according to data released today by the U.S. Census Bureau and the Department of Housing and Urban Development.
Sales of new single-family houses in July dropped a seasonally adjusted 13.4 percent month over month to an annual rate of 369,000, but were up 6.8 percent from a year before, according to the Census Bureau.
The median sales price of a new home sold in July was $257,200, the report said. The report added that the seasonally adjusted estimate of new houses for sale at the end of July was 171,000, representing a supply of 5.2 months at the current sales rate
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http://www.inman.com/wire/new-home-sales-plummet/#sthash.cSmX6asa.dpuf
Just back out of hospital in early March for home recovery. Therapist coming today.
Sales fell 5.9% from September and 28.4% from one year ago.
Housing starts decreased 4.2% to a seasonally adjusted annual rate of 1.43 million units in…
OneKey MLS reported a regional closed median sale price of $585,000, representing a 2.50% decrease…
The prices of building materials decreased 0.2% in October
Mortgage rates went from 7.37% yesterday to 6.67% as of this writing.
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