March New Home Sales: Is March’s Strong Sales Pace Sustainable? New home sales rose to an annual rate of 621,000 units in March from February’s revised sales rate of 587,000 units. Months supply of inventory stands at 5.2 months; the median new home sale price rose by 1.2 percent on a year-over-year basis.
Toronto housing market begins busy spring season with a bounce Toronto’s housing market entered the busy spring property season with a bang, as sales surged 17 per cent in April compared with a year earlier and prices also pushed higher. The number of.
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.
Some of the strength in late 2017 may also reflect increased demand after hurricanes damaged homes in the south. steady hiring and elevated consumer confidence are expected to support demand for.
The seasonally adjusted annual rate of new home sales increased to 369,000 according to estimates from the Census Bureau and Department of Housing and Urban Development. This represents a nearly 20% improvement for the sales rate year-over-year.
Pace of U.S. New-Home Sales Suggests Steady Housing Strength – The U.S. housing market is stabilizing near 10-year highs, according to government data Wednesday that showed sales of new homes were slightly less than forecast. Highlights of New.
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PDF Housing Market Update July 2016 – New Hampshire Housing – Strong Pace of Home Sales Closed sales in April of 2016 totaled 1,517, an increase of 20 percent from the same month in 2015. Cumulative sales for all of 2015 are 14 percent above the total sales volume in 2014. This level of increase in sales activity suggests a significant increase in demand in the housing market. Declining Surplus Housing.
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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.
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,
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The average new home sale price was unchanged at $283,500. That suggests that there was greater strength in the lower end of the housing market than in the upper end.