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New-home sales decline in January to three-month low

Closings on existing homes, which usually take place a month or two after a contract is signed, decreased 7.1 percent to a three-month low 5.08 million annual rate after a 5.47 million pace in January.

Sales in January fell to a three-month low. "More builders are saying that lower price points are selling well, and this was reflected in the government’s new home sales report released last week,".

People on the move: March 23

Buoyed by falling mortgage rates, builder confidence in the market for newly-built single-family homes rose two points to 58 in January on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). "The gradual decline in mortgage rates in recent weeks helped to sustain builder sentiment," said NAHB Chairman Randy Noel.

New-home sales tumble to a 10-month low in December as recovery remains rocky. Even with a double-digit December decline, 2016 brought 12.2% more sales than 2015 .. More from MarketWatch.

Home sales slump in Atlanta, prices still rising. “Like the rest of the country, Atlanta home sales cooled off in the new year,” said Jeff LaGrange, The number of homes listed for sale in January represented three months of sales, the same. which also has – on average – the lowest-price homes for sale.

New home sales shot up 6.1% in February aided by 39% jump in the mid-west but a 21.4% decline in the Northeast. Sales came in just a bit below the top econoday estimate. New home sales shot 6.1 percent higher in February to a 592,000 annualized rate that easily beats the Econoday consensus for 565,000 and is near the top estimate of 600,000.

Previously Owned U.S. Home Sales Decline More Than Forecast – Closings on existing homes, which usually take place a month or two after a contract is signed, decreased 7.1 percent to a three-month low 5.08 million annual rate after a 5.47 million pace in January.

Home sales dropping dramatically in B.C. but prices aren't low enough for buyers New-Home Sales Virtually Flat in January – “New-home sales this January. South bounced back from a substantial decline in the previous month with a 9.3 percent increase. The inventory of new homes for sale continued to shrink to another.

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Sales of new homes in January fell to the weakest pace since October, driven by a decline in the Midwest as still-elevated prices keep buyers on the sidelines. single-family home sales fell from the prior month to a 607,000 annualized pace, according to a government report Thursday that was delayed two weeks by the partial government shutdown.