New-home sales unexpectedly jump to highest level since 2007

Sales of U.S. single-family homes unexpectedly rose in October, reaching a new milestone and offering a boost to the housing market. New Home Sales Just Hit Their Highest Level in a Decade Subscribe

Interest on Fed reserves is the wrong market policy to criticize Costly markets ‘move to frigid waters,’ price growth to warm in 2020 “The U.S. housing market continues to cool, primarily due to some of our priciest. our priciest markets moving into frigid waters,” said Ralph McLaughlin, deputy. up from there, forecasting a 4.8% year-over-year increase by March of 2020.. “The cost of either buying or renting in expensive markets puts a.The market has the Fed trade wrong, next move will be a hike: CNBC survey – "I think one of the biggest surprises for 2019 may well be stabilizing economic growth globally and a fourth-quarter rate hike by the U.S. Federal Reserve. forecast a 2020 rate cut. "The interest.

Meanwhile, U.S. service sector growth also unexpectedly slowed in May to a three. March’s rate, however, was upwardly revised to 723,000 new home sales, the highest level since October 2007. New.

 · A house in Eagle. New home sales jumped 16.6 last month, according to the U.S. commerce department. file photo. Americans ramped up their purchases of new homes in April to the highest level since January 2008, evidence of a strong start to the spring buying season. The Commerce Department said May 24 that new home sales jumped 16.6 percent last month to a.

Purchases of new U.S. homes surged in December to the highest level in 10 months, closing out the best year for housing since 2007. sales jumped 10.8 percent. mortgage rates combined to push.

 · The Commerce Department said on Monday new home sales increased 6.2 percent to a seasonally adjusted annual rate of 685,000 units last month. That.

U.S. purchases of new homes unexpectedly surged in September to the highest level in a decade as activity accelerated in the South after hurricanes Harvey and Irma, according to government data.

WASHINGTON-Sales of previously owned homes rose unexpectedly in August to the highest level since 2007 as buyers rushed to lock in deals before mortgage rates increased further. But the industry’s trade group warned that home sales could slow in the coming months due to higher borrowing costs and prices.

Washington, DC, November 27, 2017-New home sales rose 6.2% to a seasonally adjusted annual rate of 685,000 in October, according to the Commerce Department. This is the highest level since October.

Homebuilder sentiment declines to an eight-month low AP Photo/Mike Groll Homebuilder sentiment declined to 55, more than expected, in February, according to the latest data from the National Association of Homebuilders. Expectations were for the reading to come in at 58, up slightly from last month’s 57 reading. January’s report was a slight retreat.

Existing home sales grew by 0.7% to an annual rate of 5.61 million units last month, the highest sales level since February 2007. Meanwhile, October sales were revised down to 5.57 million units.

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Sales in the South, which accounts for more than half of new home sales, jumped 18.1 percent to their highest level since July 2007. Sales were flat in the West, which has seen a sharp increase in.