New-home sales unexpectedly jump to highest level since 2007

With the unexpected increase, new home sales reached their highest annual rate since hitting 727,000 in October of 2007. The unexpected jump in new home sales was partly due to strength in the.

The Commerce Department said on Monday new home sales increased 6.2 percent to a seasonally adjusted annual rate of 685,000 units last month. That was the highest level since October 2007. September’s sales pace was revised down to 645,000 units from the previously reported 667,000 units.

Meanwhile, U.S. service sector growth also unexpectedly slowed in May to a three. March’s rate, however, was upwardly revised to 723,000 new home sales, the highest level since October 2007. New.

New Home Sales Unexpectedly Jump in October.. U.S. new home sales unexpectedly jumped in October, bolstering optimism over the health of the real estate sector, official data showed on Monday.

CoreLogic adds self-service option to condo data service Warren, Tillis look to enforce GSE salary caps The Digital Mortgage Borrowers Love  · IRVINE, Calif., March 20, 2019 /PRNewswire/ — Cloudvirga, a leading provider of digital mortgage point-of-sale (POS) software, and Ellie Mae, the leading cloud-based platform provider for the.WASHINGTON – Two members of the Senate Banking Committee have introduced bipartisan legislation to enforce the salary caps of the chief executives at the mortgage giants fannie mae and Freddie Mac..About the area: In the 90067 ZIP Code, based on 11 sales, the median sales price for single-family homes in February was $1.49 million, up 120.7% from February 2015, according to CoreLogic.

Washington: New home sales in the U.S. unexpectedly jumped to their highest level in well over a year in the month of March, according to a report released by the Commerce Department on Tuesday. The Commerce Department said new home sales surged up by 4.5 percent to an annual rate of 692,000 in March after soaring by 5.9 percent to a revised.

Steady job growth and improving wages are continuing to drive demand, building on last year’s new-home sales that were the strongest since 2007. While mortgage costs remain above pre-election levels, they’re becoming less of a curb on the market, with the average 30-year fixed rate falling last week to the lowest since November.

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Purchases of new homes unexpectedly surged in November to the highest level since before the last recession, indicating resilient demand, according to government data.. New-home sales surge in November to highest since 2007. New-home sales surge in November to highest since 2007 Published.

Sales. homes unexpectedly climbed in October to the highest level since February 2007, a sign of momentum in the housing market a month before a jump in borrowing costs, National Association of.

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New U.S. Home Sales Just Reached a Milestone | Fortune – The Commerce Department said on Monday new home sales increased 6.2 percent to a seasonally adjusted annual rate of 685,000 units last month. That was the highest level since October 2007. September’s sales pace was revised down to 645,000 units from the previously reported 667,000 units.