Pace of new-home sales suggests steady housing strength

Pace of U.S. New-Home sales suggests steady housing Strength . The housing markets across the country haven’t been this stable in over a decade. The U.S. housing market is stabilizing near 10-year highs, according to government data Wednesday that showed sales of new homes were slightly less than forecast.

The last time sales exceeded a 5 million pace was. The strength in housing is spilling over into other parts of the economy such as manufacturing. “We’re encouraged by the sustained improvement in.

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Single-family home sales rose 18.9% m/m to 667k annualized pace (est. were firm in other parts of the country. A steady job market and low mortgage costs will help keep the housing recovery on.

New home sales surged forward in January and inventories dipped to their lowest in 8 years as housing demand continues to return. On an annual seasonally-adjusted basis, new homes sold at a 437,000 pace in January, up 15.6% from December and 28.9% from a year ago.

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The market for new homes showed surprising strength in November. Despite the gain in November from October, new-home sales for the year remain down by 15.3 percent nationwide. The housing-industry.

The U.S. housing market is stabilizing near 10-year highs, according to government data July 26 that showed sales of new homes were slightly less than forecast. Pace of US New-Home Sales Suggests.

In a separate report, the Commerce Department said new home. sale increased 1.9 percent to 218,000 last month, the highest level since March 2010. Still, supply remains less than half of what it.

Manhattan homebuyers make fewest first-quarter deals since 2009 Compared with the first quarter of this year, second-quarter resale prices rose slightly by 0.1 per cent.. manhattan homebuyers are getting bolder these days, demanding bargains or walking away from deals in a market where inventory is swelling.. That is the lowest number of spring sales since 2009, when the market was stifled by the.

Housing starts. Construction on new houses rose almost 6% in April, but builders still lagged behind last year’s pace despite a big drop in mortgage rates. MarketWatch site logo

The average new home sale price was unchanged at $283,500. That suggests that there was greater strength in the lower end of the housing market than in the upper end.

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