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New-home sales declined more than forecast in December

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The median forecast. up more than 90 percent of the housing market, rose less than anticipated in December as prices accelerated and inventory shrank, according to figures from the Realtors group..

Sales of new single-family homes dropped sharply last month as severe winter weather and higher mortgage rates continued to slow the housing recovery. New home. declined 21.5% in the Midwest and 14.

Purchases of new U.S. homes in January were slower than forecast. the spring selling season approaches. New-home sales estimates for January ranged from 540,000 to 600,000. The Commerce Department.

For Los Angeles's real estate market, 2018 ended with barely a whimper. Just 5,291 homes sold in December, representing a 20 percent drop.

Sales of new U.S. single-family homes fell more than expected in January, suggesting the housing market weakness persisted early in the first quarter, despite a moderation in mortgage rates.

That was 6.9% lower than March, but that month’s tally was revised sharply higher. April’s figures nearly matched the MarketWatch consensus forecast for a 670,000 pace of sales. jump as rates.

Home prices dropped more than forecast in October. the biggest year-over-year decline since December 2009, the group said today in New York. The decrease exceeded the 0.2 percent drop projected by.

Over the month of December, sales of new single-family homes fell by 9.3. as each category has recorded higher sales in 2017 than in 2011.

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July’s sales pace was revised down to 608,000 units from the previously reported 627,000 units. Sales in June were also much weaker than previously reported. Economists polled by Reuters had forecast.

November’s sales pace was revised down to 599,000 units from the previously reported 657,000 units. Economists polled by Reuters had forecast new home sales. homebuilding dropping to more than a.

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December’s figures were revised upwards to a 1.9 percent increase to 324,000, from the initial figures of a 2.2 percent decline to 307,000. Based on the revised figures, sales of new homes. sector.

Builders sold fewer new homes than forecast in November, signaling the U.S. housing. Economists estimates for new-home sales ranged from 285,000 to 320,000. The median price decreased 2.7 percent.

U.S. existing home sales decline “Price growth is going to be a little slower than it might have been without the tax reform,” and sales in 2018 are forecast to be little changed at 5.52 million, he said. December sales. when a.

New Residential closes purchase of PHH’s Fannie MSRs Housing starts cooled in February after robust January housing starts fell most in eight months in February. Separate reports Tuesday showed mixed results for housing in January. The S&P CoreLogic Case-Shiller index rose 3.6% from a year earlier, the least since 2012, while the federal housing finance agency measure rose 0.6% for the best monthly.New Residential agreed to pay PHH, based in Mount Laurel, N.J., a total of $912 million; $612 million of that is for the servicing rights and $300 million is for the rights to receive money that PHH has advanced to holders of bonds backed by delinquent mortgages.

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