New-home sales climb for a third straight month in March

Sales of new homes unexpectedly rose in March, climbing to a 16-month high to cap the first quarter with a third straight increase that reflects a boost from lower borrowing costs. single-family home sales rose 4.5% to a 692,000 annualized pace that topped all estimates in Bloomberg’s survey, while February’s figure was revised down somewhat, government data showed Tuesday.

Unsold inventory is at a 3.6-month supply at the current sales pace (3.8 months a year ago). According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage increased for the sixth straight month to 4.44 percent in March (highest since 4.46 percent in December 2013) from 4.33 percent in February.

How acting Ginnie Mae chief is trying to get to the bottom of VA refis Protesters Demand GSE Principal Reduction Affordability keeping some from listing their homes for sale Costs cloud some lenders’ view on the success of data initiatives vmware cloud index 2013 found that 41% of businesses in the country have adopted the cloud in some form. It also showed that 34% are planning to implement cloud initiatives in their organisation within 12 months.. With cloud, the data that these providers are required to store by the Act will. · After arming yourself with this data, consider the condition of your property, from curb appeal to interior decor. Of course, you prepared your home for sale prior to listing, but maybe you should re-evaluate it in light of the competition. For example, if the top 10 percent of the sellers on the market have new carpeting and your carpeting is worn and dated, your home is not going to sell.

New Home Sales Tumble For 3rd Straight Month – Worst Streak In 4 Years. New home sales are up just 0.5% YoY. Purchases rose in two of four U.S. regions, including a 9 percent gain in the biggest region, the South; sales fell 17.6 percent in second-largest region, the West And while existng home sales popped,

 · Sales climb for the second straight month for the resale market in Calgary. Joel Schlesinger, for the Calgary Herald. the low-end single-family segment has less competition from the new home.

Existing home sales dipped in February, continuing a three-month-long run of declining sales activity, according to the National Association of Realtors (NAR). Existing Home Sales Decline for.

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Nationally, Existing-Home Sales Climb 1.1 Percent in March. conventional, fixed-rate mortgage increased for the sixth straight month to 4.44 percent in March (highest since 4.46 percent in December 2013) from 4.33 percent in February. The average commitment rate for all of 2017 was 3.99 percent.

Sales of new homes in the United States jumped to a 16-month high in March, marking the third straight monthly increase. From the beginning of 2019, new-home sales are up just 1.7% yet stronger.

The median sales price has increased just 1.2 percent over the past year to $311,400 in March. New-home sales jumped last month in the Northeast and West, grew modestly in the South and fell in.

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New home sales fall for third straight month. BY HBSDEALER Staff March 23, 2018. Get all the latest industry news in your inbox. Subscribe. Pulled down by steep drops in the Midwest and West, sales of new single-family homes fell for the third month in a row, according to today’s report from.