Pace of new-home sales suggests steady housing strength

U.S. New-Home Sales Declined More Than Forecast in December – Steady growth in housing demand, December’s decline notwithstanding. senior economist at Nationwide Mutual Insurance Co. Homebuilder sentiment remains high and that “suggests that new home sales.

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Over the last four months, the annual rate of new-home sales has stayed between 886,000 and 900,000 units. The July statistics still ”indicate a lot of strength” in housing activity. incomes are.

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Key Insights The drop — also the 14th straight year-on-year sales decline — suggests the. about 90% of U.S. housing and.

Sales of previously owned U.S. homes unexpectedly cooled in April, the fifth drop in six months, signaling a rocky start for the housing market this quarter amid a still-tight supply of available.

Rebound fueled optimism for new-home sales.. builders ramped up construction of single-family houses to the fastest pace in eight months.. ''Given the underlying strength in overall housing demand, slow and steady growth in new supply. The permits suggest additional apartment construction in the.

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As a result, the 3-month average pace of new home sales is now 688 thousand.. Given the continuing strength in demand we expect starts to climb 9.0% this year and.. Realtors suggest that the supply of and demand for housing is roughly in.. mortgage rates, housing remains affordable for most because of the steady.

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Mortgage rates rise again, but shouldn’t affect home buying We are certainly headed for mortgage rates more in line with these averages. Truly, the times in which we live where we’re seeing rates in the 4’s is an economic anomaly. mortgage rates and Your Buying Power. So how do rising rates affect your buying power? As you might guess, you can buy less as rates rise.

That followed March’s sales pace of 723,000 units, which was the highest level since October 2007. April’s decline came after three straight monthly increases. economists polled by Reuters had forecast new home sales, which account for about 10% of housing market sales, would decrease 2.8% to a pace of 675,000 units in April.