Firstly, the Manufacturing PMI fell 2 points to 50.6 which was the lowest level since 2009 while US Services PMI fell 2.1pts to 50.9, a three-year low. US new home sales lost -6.9% in April while.
New home sales fell 6.9% in April to a 673000 (SAAR). Upward revisions added 39000 sales to the prior two months.
up from 646,000 in April. The South reported monthly sales growth of 17.9 percent, while sales were flat in the Midwest and fell in the Northeast and West. For the first five months of this year,
The Commerce Department said Thursday that new homes sold at a seasonally adjusted annual rate of 673,000 in April, down from 723,000 in March. Still, year-to-date home sales are running 6.7%.
WASHINGTON (AP) – Sales of new U.S. homes sank 6.9% in April, driven by a decline in the sale of homes worth less than $300,000 that are generally bought by middle class and first-time buyers.
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The April decline in sales relieved housing inventory conditions slightly, with. New Home Sales Down 6.9% in April – advisorperspectives.com – This morning’s release of the April New Home Sales from the Census Bureau came in at 673K, down 6.9% month-over-month from a revised 723K in March.
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A dearth of inventory, which drives home prices higher, remains a key impediment to U.S. home sales. The inventory of homes for sale nationally stood at 4.2 months in April. At the same time, new.
New Home Sales Sales of new singlefamily houses in May 2019 were at a seasonally adjusted annual rate of 626,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.
WASHINGTON – Sales of new U.S. homes sank 6.9% in April, driven by a decline in the sale of homes worth less than $300,000 that are generally bought by middle class and first-time buyers.The Commerce Department said Thursday that new homes sold at a seasonally adjusted annual rate of 673,000 in April, down from 723,000 in March.
Sales in the Midwest dropped 7.4% and those in the West tumbled 8.3%. But sales in the Northeast jumped 11.5%. There were 332,000 new homes on the market last month, down 0.9% from March.
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