New homes sales tumble 11.4% in March

Washington, DC, April 23, 2015-Sales of new homes were down 11.4% in March, at a seasonally adjusted annual rate of 481,000, according to estimates released jointly by the U.S. Census Bureau and.

New home sales dropped 11.4% from February to March. New home supply jumped 15%. Lumber futures have been plunging since the beginning of the year. The Government’s Census Bureau (NYSE:CB.

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Shares of New York. and decline in sales. The company became the latest victim of the trend in which consumers have started favoring shopping online rather than at brick-and-mortar stores and.

WASHINGTON: U.S. home sales fell more than expected in March as rising demand stoked by declining mortgage. A survey last week showed that while builders reported strong demand for new homes in.

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Rising mortgage rates and economic uncertainty contributed to an already slowing housing market in December, causing Southern California home sales to tumble 20.3 percent from a year ago, new..

RE/MAX INTEGRA, New England Releases April 2015 Housing Report – Hampton-North Hampton – . sales were also up 11.4% year-over-year and 19.5% over March 2015’s numbers. "It is encouraging to see that pending sales are solid across New England," said Dan Breault, EVP/Regional Director of.

The median price for homes sold in April was $257,900, which was 5.3% higher than a year ago. Price increases are still much stronger than wage gains. read: mortgage rates march even higher, reach new.

New Home Prices Are Falling. So Why Are Sales Dropping. – New Home Prices Are Falling-So Why Are There Fewer Sales? By. 569,000 brand-new homes April-a 11.4% drop. than in March. Meanwhile, sales of about 5,000 homes between $150,000 and.

And in another bright spot, the inventory of homes available for sale last month fell to 3.29 million units, the lowest since March 2006. At December’s sales pace, that represented 7.2 months’ worth.

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New-home sales tumble in April after soaring to 10-year high in March. April’s figures were 11.4% lower for the month, but 0.5% higher than in the same period a year ago.. There were more.

Sales of newly built homes fell 11.5% in September, suggesting a highly volatile segment of the housing market could be cooling.

Pending home sales, which reflect signed contracts that front-run existing home sales by four to six weeks (or the time for buyers and sellers to close on their deals), declined modestly in both March.

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