New-home sales unexpectedly jump to highest level since 2007

Purchases of new single-family homes jumped 12.4% in July. Purchases of new single-family homes rose 12.4% in July from a month earlier to a seasonally adjusted annual rate of 654,000, the Commerce Department said Tuesday. That was the highest level since October 2007.

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The median forecast in a Bloomberg survey called for a 560,000 rate. While the government’s new-home. unexpectedly climbed in June to the strongest level in more than nine years, helped by.

New Home Sales Unexpectedly Jump in October.. U.S. new home sales unexpectedly jumped in October, bolstering optimism over the health of the real estate sector, official data showed on Monday.

That made this the second highest number of starts, and the biggest June since at least 1990. There’s supply in the pipeline,

U.S. Home Sales, Manufacturing Stumble; Labor Market Strong.. the number of Americans filing claims for unemployment benefits unexpectedly fell last week.. That followed March's sales pace of 723,000 units, which was the highest level since October 2007.. But sales in the Northeast jumped 11.5%.

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New home sales, which account for about 10.5 percent of housing market sales, decreased in the West (-35.9 percent to 125 thousand) and Northeast (-17.6 percent to 28 thousand), but rose in the South (4.9 percent to 389 thousand, the highest level since July 2007) and Midwest (6.3 percent to 84 thousand).

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The Commerce Department said new home sales increased 6.2 percent to a seasonally adjusted annual rate of 685,000 units in October, the highest level since October 2007. September’s sales pace.

Sales of newly built homes jumped 12.4% in July to the highest level in since October 2007, a sign of solid momentum in the U.S. housing market. U.S. new-home sales rise unexpectedly to highest level since July – Steady job growth and improving wages are continuing to drive demand, building on last year’s new-home sales that were the.

Homes for sale are remaining on market longer: Zillow Once your listing expires on the MLS (how long it takes to expire. Active/on- market: Your home is still showing as an active listing for potential buyers.. your DOM “counter” will pick up where it left off if your home went under.

WASHINGTON-Sales of previously owned homes rose unexpectedly in August to the highest level since 2007 as buyers rushed to lock in deals before mortgage rates increased further. But the industry’s trade group warned that home sales could slow in the coming months due to higher borrowing costs and prices.

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