New-home sales declined more than forecast in December

The report by Florida Realtors shows that year-over-year sales of single-family homes declined by more than a third in the panama city metro area during the last quarter of last year. Sales of townhouses and condos were down almost 30 percent in the last quarter.

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 · Supply of homes at current sales rate rose to 5.7 months from 4.9 months; 295,000 new houses were on market at end of December. Purchases totaled 608k in 2017, up from 561k a year earlier. The strongest annual sales in a decade.

Sales Price. The median sales price of new houses sold in June 2018 was $302,100. The average sales price was $363,300. For Sale Inventory and Months’ Supply. The seasonally-adjusted estimate of new houses for sale at the end of June was 301,000. This represents a supply of 5.7 months at the current sales rate.

 · U.S. New-Home Sales Declined More Than Forecast in December. U.S. purchases of new homes declined more than projected last month and were revised down in the prior period, showing the market returned to a less exuberant pace as the year drew to a close, according to government data Thursday.

 · New-home sales declined more than forecast in December. The median sales price increased 2.6% year-over-year to $335,400. The supply of homes at the current sales rate rose to 5.7 months from 4.9 months; 295,000 new houses were on market at the end of December. Purchases totaled 608,000 in 2017, up from 561,000 a year earlier.

Consumers expecting lower mortgage rates less optimistic about buying New York providing grants to boost zombie property law compliance Bay Area housing gets $500M boost from local tech, foundations. The new fund, backed by the Chan Zuckerberg Initiative, the san francisco foundation, Facebook, Genentech and others, intends to build or preserve more than 8,000 homes in the Bay Area in the next 5 to 10 years.. shape bonds.People on the move: May 17  · executive message (17) innovation (8) leadership (5) office (3) people (35) planning (2) project of the week (26) research (13) residential (3) retirement (5) sponsored post (11) sustainability (9).A majority of respondents acknowledged that higher mortgage rates would make it more difficult for them to buy a home. Yet, when it comes to perception of current mortgage rates, less. consumers..

Highlights of new-home sales (December) Single-family home sales fell 9.3 percent m/m, the most since Aug. 2016, to 625k annualized pace (est. 675k) after 689k rate (revised from 733k). Median sales price increased 2.6 percent y/y to $335,400.

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 · U.S. purchases of new homes declined more than projected last. growth in housing demand, December’s decline notwithstanding, indicate new residential construction will remain firm into the spring. The Commerce Department said new home sales declined 9.3 percent to a seasonally adjusted annual rate of 625,000 units last month.

Homebuilder sentiment is also at its lowest in more than three years.. The average sales price of new homes sold in the U.S. rose by just 1.8% y-o-y in. U.S. homebuilder sentiment declined to just 54 in December 2018, well below the. In addition, the national median existing-home price is forecast to rise by a modest.