US new home sales tumble to two-year low in October | Reuters

Nov 26, 2024 · Sales of new U.S. single-family homes dropped to the lowest level in nearly two years in October, likely as a rise in mortgage rates drove buyers to the sidelines and …

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New Home Sales Drop To Two-Year Low: Is Housing At Risk?

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May 25, 2022 · April’s new home sales fell 26.9% to a seasonally adjusted annual rate of 709,000 from April 2021’s estimated figure of 809,000. This marked the fourth consecutive month of …

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US New-home Sales Plummet To Two-year Low | Mortgage …

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Nov 26, 2024 · Hurricanes Helene and Milton heavily impacted housing market activity in the South, which saw a 28% drop in sales to 339,000, and countered sales gains in the Northeast …

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New Home Sales Plummet 17% To 2-year Low Amid High Mortgage …

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Nov 26, 2024 · New home sales dropped 9.4% year-on-year in October. AP Economists polled by Reuters had forecast new home sales, which account for about 15% of US home sales, would …

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New Home Sales Hit 2 Year Low In America

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Nov 29, 2024 · The median price for a new home in October rose 2.5% to $437,300, a 4.7% increase compared to a year ago. Regionally, year-over-year new home sales trends were …

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Existing Home Sales Dip To 14-year-low As Prices Remain High

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Oct 23, 2024 · Home resales, which account for a large portion of U.S. housing sales, decreased 3.5% on a year-on-year basis in September. Sales fell 1.7% in the South, with some of the …

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US New-Home Sales Unexpectedly Decline To A Seven-Month Low

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Jul 24, 2024 · Contract signings on new single-family homes decreased 0.6% to a 617,000 annual pace, following a nearly 15% drop in May that was the largest in two years, according to …

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U.S. New Home Sales Drop To Two-year Low In June | Reuters

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Jul 26, 2022 · New home sales tumbled 8.1% to a seasonally adjusted annual rate of 590,000 units last month, the lowest level since April 2020, the Commerce Department said on Tuesday.

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2025-2029 Five-Year Housing Market Predictions

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Dec 10, 2024 · Home Prices: After remaining nearly flat in 2023 but jumping 4.0% year-over-year through October 2024, home prices are forecast to continue rising moderately as more …

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Limited Housing Supply Constrained Pending Home Sales In March

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Apr 27, 2023 · Pending transactions dropped by 23.2% year-over-year. Low housing inventory is contributing to the drop in existing-home sales. ... "Sales of new homes are already matching …

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U.S. New Home Sales Tumble To 6-1/2-year Low; Prices Still High

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Aug 23, 2022 · New single-family home sales drop 12.6% in July; Median house price up 8.2% to $439,400 from year ago; Private sector activity contracts again in August

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Home Sales Drop To 2010 Low: How Scary Is The 2024 Outlook For …

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Mortgage rates wield substantial influence over housing prices, evidenced by the drastic 30-year rate drop from nearly 5% in late 2018 to under 3% by late 2021, fueling unprecedented gains …

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Housing Market 2025: Will Home Prices Drop? - Business Insider

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1 day ago · Average home values are also up, increasing 2.5% year over year to $359,099 in November. The good news is that rates are expected to ease this year, and home price growth …

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FAQs about US new home sales tumble to two-year low in October | Reuters Coupon?

Why did new home sales drop in October?

Sales of new U.S. single-family homes dropped to the lowest level in nearly two years in October, likely as a rise in mortgage rates drove buyers to the sidelines and hurricanes disrupted activity. ...

Are new home sales falling?

Sales rose in the Northeast, but dove in the West and the Midwest as well as the densely populated South. Economists polled by Reuters had forecast that new home sales, which account for 9.6% of U.S. home sales, would decrease to a rate of 575,000 units. Sales dropped 29.6% on a year-on-year basis in July. ...

Why did home sales drop a 14-year low in September?

WASHINGTON, Oct 23 (Reuters) - U.S. existing home sales dropped to a 14-year low in September, weighed down by higher mortgage rates and house prices. The second straight monthly decline in home resales reinforced economists' views that the slump in residential investment, which includes homebuilding, deepened in the third quarter. ...

Will 2024 be the slowest year in the housing market?

The year is on track to have the slowest housing market in three decades, with a projected four million home sales, according to the National Association of Realtors — making 2024 the second straight year of historically anemic sales. The last time sales dipped that low was in 1995, when the U.S. population was 22 percent smaller than it is today. ...

Why did new single-family homes fall to a 6-1/2-year low in July?

WASHINGTON, Aug 23 (Reuters) - Sales of new U.S. single-family homes plunged to a 6-1/2-year low in July as persistently high mortgage rates and house prices further eroded affordability. ...

Why did home resales decline in September?

Home resales, which account for a large portion of U.S. housing sales, decreased 3.5% on a year-on-year basis in September. Sales fell 1.7% in the South, with some of the decline attributed to weakness in Florida following the devastation caused by Hurricane Helene. ...