Lastly, Yun says he expects the pending homes sales to continue to slide in the coming months, thanks to the annual decline in inventory during the winter months. “buyers looking for a little relief.
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Meanwhile, year-to-date, new home sales are 9.2% above their level over the same period last year. "Some pull back in new home sales this month is not surprising after strong May and June readings," said NAHB Chairman Granger MacDonald. "Builders must continue to manage construction costs to ensure houses remain affordable."
· Tags: real estate, housing market, home prices, housing, existing home sales, pending home sales, new home sales, mortgages, interest rates Devon Thorsby is the Real Estate editor at U.S. News & World Report, where she writes consumer-focused articles about the homebuying and selling process, home improvement, tenant rights and the state of the.
Pending home sales in the South decreased 0.8% to an index of 127.8 in May but are still 10.6% above last May. The index in the West rose 2.2% in May to 104.5, and is 13.0% above a year ago.
New Home Sales Rate Reaches 10-Year High in October Filed in Economics , Home Building by NAHB Now on November 27, 2017 0 Comments Sales of newly built, single-family homes in October rose 6.2% to a seasonally adjusted annual rate of 685,000 units from a downwardly revised September reading, according to newly released data from HUD Census.
Pending Home Sales Report Predicts Housing Market Growth. Home buyers are out in force, buying up homes just as fast as they come on-market – and it’s making it harder to find good deals on.
Dallas-area home prices were up just 3% in the latest nationwide comparison. The year-over-year price gain from March 2018 levels was the smallest increase in seven years in the S&P/Case-Shiller.
The market has flippped since the start of 2018, with homes taking longer to sell and fewer offers per sale. But if past experience is any indicator, home prices will continue going up in 2019.
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Pending Home Sales Bounce Back 1.1% in May Three of the four major regions saw growth in contract activity, with the West experiencing a slight sales decline. June 27, 2019