New-home sales dropped in July after solid first-half run

US New Home Sales Unexpectedly Fall. The median sales price of new houses sold was USD 328,700 above USD 322,900 in the same month of the previous year. The average sales price jumped to USD 394,300 in July from USD 372,400 a year earlier.

Investors may also be concerned about the fact that although pending home sales climbed a better-than-expected 0.9% in June, new home sales fell 5.3%, the largest monthly drop since. he writes..

New home sales drop 12.4% to record low. NEW YORK ( — New home sales unexpectedly fell in July to the lowest level on record as the housing market continued to suffer from the end of the homebuyer tax credit boost. New home sales dropped 12.4% to a seasonally adjusted annual rate of 276,000 last month,

U.S. new-home sales fell in June to the weakest pace in eight months, the latest evidence that the housing market is cooling. Purchases of newly built single-family homes-a narrow slice of all U.S. home sales-decreased 5.3% from the prior month to a seasonally adjusted annual rate of 631,000 in June, the Commerce Department said Wednesday.

NEW YORK ( TheStreet) — Sales of newly constructed homes plunged in July, even as more inventory hit the market. According to the census bureau, new home sales dropped 13.4% in July to a.

Since June of last year, the labor force has steadily grown while Georgia added. Hiring has been strongest in construction, where the number of jobs surged 8.8. In the first half of this year, Georgia's economy has added 42,000 jobs. Meanwhile, the number of claims for new jobless benefits – which are.

Colonial Savings founder James S. DuBose dies at 93

 · Australian new home sales rose by 2% last month, the first increase seen in 2018. There was a solid increase in NSW, offsetting softer outcomes elsewhere, including.

Beazer counts on lender competition to constrain rising mortgage rates Meanwhile, Toll brothers’ solid land position places it well to meet growing demand, thus lending it a competitive edge over peers who are presently facing land availability constraints. mortgage.

The National Association of Realtors’ (NAR) Pending Home Sales Index (PHSI) dropped by 0.8 percent to 109.1 in July from a downwardly revised 110.0 in June. On a year-over-year basis, the index fell by 1.3 percent. On a regional basis, the PHSI fell in three of the four geographic regions.

August new home sales dropped to 8-month low Sales of new single-family houses in August 2017 were at a seasonally adjusted annual rate of 560,000, the lowest level in eight months. This is also 3.4 percent below the revised July rate of 580,000 and is 1.2 percent below the August 2016 estimate of 567,000.

People on the move: Dec. 22 Homebuilder sentiment declines to an eight-month low Homebuilder Sentiment Declines to an Eight-Month Low.. Sentiment among American homebuilders deteriorated to an eight-month low in July on concerns about higher material costs, according to.SUNY will make a decision on interim leadership for the campus before Dec. 22 when Laraque-Arena steps down. The announcement of.