US new-home sales fell 6.9% in April

Business 05/23/19, 09:05

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, ...

US home sales fell 0.4% in April amid limited supply

Business 05/21/19, 09:48

U.S. home sales slipped 0.4% in April, as would-be homebuyers face affordability challenges and a limited supply of starter houses.The National Association of Realtors said Tuesday that existing homes sold at a seasonally adjusted annual rate of 5.19 million last month, down from 5.21 million in March.Home sales have struggled ...

US pending home sales rose 3.8% in March

Business 04/30/19, 09:31

More Americans signed contracts to purchase homes in March compared to the prior month.The National Association of Realtors says that its pending home sales index climbed 3.8% to 105.8. Home sales have been recovering as mortgage rates have retreated after the average 30-year rate peaked at just below 5% in ...

US long-term mortgage rates up for 4th week; 30-year 4.20%

Business 04/25/19, 09:54

U.S. long-term mortgage rates rose this week for the fourth straight week, though they remain historically low as a spur to home sales in the spring buying season.Mortgage buyer Freddie Mac says the average rate on the 30-year, fixed-rate mortgage increased to 4.20% from 4.17% last week. By contrast, a ...

US new-home sales climbed 4.5% in March

Business 04/23/19, 09:17

Sales of new U.S. homes increased 4.5% in March, the third straight monthly gain as the housing market appears to be cautiously recovering from a mortgage rate spike last year that caused homebuying to slump.The Commerce Department said Tuesday that new homes sold at a seasonally adjusted annual rate of ...

Home sales fall 4.9% in slow start to spring buying season

Business 04/22/19, 10:25

Sales of existing U.S. homes fell in March after a huge gain the previous month, held back partly by a sharp slowdown among the most expensive properties. The National Association of Realtors said Monday that home sales fell 4.9% to a seasonally adjusted annual rate of 5.21 million, down from 5.48 ...

This Week: US home sales, Tesla earns, Amazon earns

Business 04/22/19, 00:05

A look at some of the key business events and economic indicators upcoming this week:HOUSING MARKET BELLWETHEREconomists project that sales of previously occupied homes declined in March from a month earlier.U.S. home sales surged 11.8% in February, aided by accelerating wages and falling mortgage rates, a combination that's helped improve ...

US new-home sales increased 4.9 percent in February

Business 03/29/19, 09:17

Sales of new U.S. homes climbed 4.9 percent in February, an indication that falling mortgage rates have given a boost to demand from buyers.The Commerce Department said Friday that new homes sold at a seasonally adjusted annual rate of 667,000 in February, an increase from an upwardly revised 636,000 in ...

Pending US home sales slip last month after big January gain

Business 03/28/19, 10:00

Fewer Americans signed contracts to purchase homes in February after a big gain the previous month.The National Association of Realtors says that its pending home sales index slipped 1 percent to 101.9. That followed a 4.3 percent jump in January, which came after average mortgage rates fell from a recent ...

US existing-home sales jumped 11.8 percent in February

Business 03/22/19, 11:01

U.S. home sales soared 11.8 percent in February, aided by accelerating wages and falling mortgage rates that are improving affordability.The National Association of Realtors said Friday that existing homes sold at a seasonally adjusted annual rate of 5.51 million last month, a decisively sharp rebound from a pace of 4.94 ...

US new-home sales fell 6.9 percent in January

Business 03/14/19, 09:07

Sales of new U.S. homes slumped 6.9 percent in January, a possible sign that buyers paused during the government shutdown.The Commerce Department says that new homes sold at a seasonally adjusted annual rate of 607,000 in January, down from 652,000 in December.The partial government shutdown during January as well as ...

US new-home sales rose 3.7 percent in December

Business 03/05/19, 10:19

Sales of new U.S. homes climbed in December to their highest pace in seven months, a sign that lower mortgage rates are helping the real estate market.The Commerce Department said Tuesday that new-home sales rose 3.7 percent in December to a seasonally adjusted annual rate of 621,000. November's sales were ...

US pending home sales rebounded 4.6 percent in January

Business 02/27/19, 10:02

More Americans signed contracts to buy homes in January as lower mortgage rates appeared to give the real estate market a boost.The National Association of Realtors says its pending home sales index rose 4.6 percent last month to 103.2. The rebound has come as average 30-year mortgage rates have fallen ...

US home prices rise at slower pace for 9th straight month

Business 02/26/19, 09:29

US home price gains slowed for the ninth straight month in December, reflecting weaker sales and higher mortgage rates that have since declined.The S&P CoreLogic Case-Shiller 20-city home price index increased 4.2 percent from a year earlier, down from 4.6 percent in November, according to a report released Tuesday.Home sales ...

US housing starts plummeted 11.2 percent in December

Business 02/26/19, 08:46

The number of homes being built in December plunged to the lowest level in more than two years, a possible sign that developers are anticipating fewer new houses to be sold this year.The Commerce Department said Tuesday that housing starts fell 11.2 percent in December from the previous month to ...

Home Depot sales cool along with real estate market

Business 02/26/19, 06:40

Home Depot's fourth-quarter profit is short of expectations with rising real estate prices cooling home sales.Shares fell 2.6 percent Tuesday before the opening bell.The home improvement retailer earned $2.34 billion, or $2.09 per share, far short of the per-share earnings of $2.22 Wall Street was looking for, according to a ...

US home sales tumbled 1.2 percent in January

Business 02/21/19, 10:01

U.S. home sales fell 1.2 percent in January to their worst pace in more than three years, as persistent affordability problems have put a harsh chill in the real estate market.The National Association of Realtors says that sales of existing homes declined 1.2 percent to a seasonally adjusted annual rate ...

US new home sales jump nearly 17 percent in November

Business 01/31/19, 10:43

Sales of new U.S. homes soared in November, defying higher mortgage rates. But they're still below year-ago levels.The Commerce Department said Thursday that new home sales jumped 16.9 percent in November from the previous month to a seasonally adjusted annual rate of 657,000.The report was delayed by the 35-day government ...

US pending home sales fell 2.2 percent in December

Business 01/30/19, 10:02

Fewer Americans signed contracts to buy homes in December with affordability pressures causing interest from would-be buyers to fall.The National Association of Realtors says its pending home sales index fell 2.2 percent last month to 99, its lowest reading since April 2014. The index based on contract signings has plunged ...

US home price gains slowed in November

Business 01/29/19, 09:02

U.S. home prices rose at a slower pace in November, as sales have tumbled and affordability has deteriorated for many would-be buyers.The S&P CoreLogic Case-Shiller 20-city home price index grew 4.7 percent from a year earlier, dropping off from a 5 percent annual increase in October.Home sales drifted downward for ...

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