Sales of existing homes unexpectedly fell in January

U.S. New home sales unexpectedly fall sharply In January New home sales in the U.S. unexpectedly showed a steep drop in the month of January, according to a report released by the Commerce Department on Monday. The report said new home sales plunged by 7.

Sales of existing. home sales and a 3.7 percent jump for condominiums and co-ops. At the February sales pace, there was a 9.6-month supply of homes for sale, down from 10.2 months in January.

Sales of existing homes fell to the lowest level in nearly a decade in January while the median price for a home dropped for the fifth straight month. (AP Photo/David Zalubowski) less

U.S. sales of new homes unexpectedly fell in January to the lowest level since August as borrowing costs rose and winter weather depressed demand, according to government data released monday. key takeaways The results, which are volatile on a month-to-month basis, showed a 14.2 percent slump in the South, the largest decrease since March 2015.

WASHINGTON (Reuters) – U.S. home sales unexpectedly fell in June, posting their third straight monthly decline as a persistent shortage of properties on the market drove house prices to a record high.

Sales of previously owned US homes unexpectedly rose in January to the. Prices climbed from January 2015 as the number of dwellings on the market fell. Near record-low mortgage rates, steady job.

WASHINGTON, Feb 21 (Reuters) – U.S. home sales unexpectedly fell for a second straight month in January, weighed down by a persistent shortage of houses that is pushing up prices and keeping first. People on the move: Aug. 25

Other reports have showed home prices rose by the least in four years in December and existing home sales, which comprise the bulk of the market, fell in January to the slowest pace since 2015. At the.

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U.S. new home sales unexpectedly fall in Feb. pace from January’s previously reported 309,000 units. The data came on the heels of report on Tuesday showing existing home sales fell for a third.

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New home sales decreased significantly in January, falling from 2017’s decade-high pace, according to the latest report from the U.S. Census Bureau and the U.S. Department of Housing and Urban.

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