Pace of new-home sales suggests steady housing strength

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New Home Price Growth Fastest in Coastal Areas Focusing on new home sales, Sam Khater, deputy chief economist at CoreLogic, said that sales volume is weak, but pockets of strength exist. "New home price growth is fastest in the coastal states and eight of the top 10 healthiest new sale markets are in the Carolinas and Texas," said Khater.

The pace. has led to steady growth in new home sales this year, even as sales of existing homes has declined 1.5 percent, according to the National Realtors Association. "Through the volatility,

Top-heavy housing market is crowding out the little guys

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It’s PCS season.For military families, a summer PCS move can prove to be a hectic time if not planned properly. A recent study¹ conducted by the Department of Defense shows from the 520,000 Service Members who moved in 2018, over 40% moved during the ” peak season ” (May 15 – August 15).

It’s a summer for the record books in the beleaguered U.S. housing sector — and not in a good way. New-home sales unexpectedly plunged 12.4% in July to a 276,000-unit annual rate– the lowest.

The relative strength index (rsi) also remains relatively lofty at 68.49 – which suggests overbought conditions. From a fundamental standpoint, January new home sales grew at an annual pace of just.

New Home Sales | Luxury Florida Homes – It’s a statistic that suggests housing market weakness. However, in looking at a different component of the New home sales report – the supply of homes for sale – we’re forced to reconsider. At the current pace of sales, every new home for sale nationwide would be "sold" in a matter of 6.1 months.

New Home Sales Drop for 2nd Month, But Housing Strength is Seen. Housing starts soar in July. The weak new home sales pace is at odds with other data that have suggested the housing market.

This week we fill out the picture of how housing fared in August with new home sales, pending home sales, and mortgage rate data.. indicator of home sales. Weakness or strength here tends to be.

Mortgage growth in Canada hasn’t been this weak since 2001 Lower affordability affects amount Americans have for expenses: Zillow