New home sales plunge 13% in July

Year-over-year, that looks like a 13% drop. decrease in new listings taken, while pending sales increased," observed Mike.

Sales of new homes drop 13% . BLOOMBERG NEWS Thursday. Claims have fallen in three of the past four weeks, pushing down the monthly average to the lowest level since July 2008.

It considers factors including employment, spending, home sales. July report include the following: Auto spending rebounded in July, “soaring upward to a new July monthly record, with.

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On the other hand, as per government reports, sales of new homes had plunged 13% in July, making it the biggest monthly decline since July 2013. Several factors contributed to this decline, sales.

Economists and forecasters were predicting an awful 13% decline in existing home sales for July, to 4.65 million units. This, we were told solemnly, would be the worst since 2009. In hindsight.

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Greater Vancouver Home Sales through April off to Slowest Start Since 1986 REUTERS/Adrees Latif New home sales plunged 13.4% month-over-month in July to an annualized pace of 394,000 units in July. Economists polled by Bloomberg were looking for new home sales to fall 2%. The report last week of a 13% fall in the number of new homes sold in September.

Adding to mounting signs that Miami’s housing market is cooling down, home sales in the Magic City dropped 13 percent in August, year-over-year, a newly released report shows. Closed sales fell.

New-Home Sales Plunge in the West.. The 28% drop in sales of new single-family houses in the 13-state Western region was the steepest monthly percentage decline in 22 years, after a record. Sales of new U.S. homes slumped 1.7 percent in July, the second straight monthly decline as the broader housing market appears to have lost some of its.

SPEED: Fannie Mae will directly approve short sales It doesn’t mean you’ll never be able to buy again if you’ve lost your home through a short sale, foreclosure, bankruptcy, or a deed-in-lieu of foreclosure. You will have to undergo a waiting period first, however, to qualify for a conventional loan from a reputable lender.

Increase in down valuations as property market slows july 24, 2018. House sales plunge 13% as supply shortage holds back the market.. The number of homes for sale hit a new record low in November after dropping for 10 consecutive months, Royal Institution of Chartered Surveyors (RICS.

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Year over year, new-home sales were up 12.6% in August. The new-home sales report measured the number of newly constructed homes with a committed sale in a month. Still, the reading was the second lowest in 2013. New-home sales data has been volatile. It plunged more than 13% in July, as buyers felt the impact of rising prices and higher rates.