New-home sales slump 7% in April after reaching the best level of the cycle
Lack of inventory causes home sales in the US to slump at start of 2018 existing home sales slumped in the United States for a second month in a row in January, the largest annual decline for three years, the latest index data reveals.
The National Association of Realtors pending home sales just jumped to the second highest level in a decade and the highest level in nearly a year. Pending home sales increased 5.5% in a month to an index level of 112.3. In May 2006, the index was 112.5 and from a year ago, the figure is up 2.6%.
Sales were 7% higher than a year ago in April. The median sales price in April, $342,200, was 8% higher than a year ago. At the current pace of sales, it would take 5.9 months to exhaust available supply, about matching the 6 months that’s traditionally been considered the marker of an evenly balanced market.
But the slump in sales sent the. If we reach a point where most consumers hold onto their phones until they stop working, instead of upgrading due to new features, Apple is in serious trouble.
Unit Sales Slump in mid-july jul 20, 2018 With print-unit sales falling in all four major categories, total sales in the week ended july 15, 2018, were down 5% compared to the similar week in 2017.
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Sales in the South slipped a point to 127.3 in April and are now 2.7 points above the year-ago index score. Existing-home sales closed 2017 at around 5.51 million.
Here is a chart of new home sales as a percent of the population. New single-family home sales are 9.3% above the 1963 start of this data series. The population-adjusted version is 37.6% below the first 1963 sales and at a level similar to the lows we saw during the double-dip recession in the early 1980s, a time when 30-year mortgage rates.
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The others are July, January, September, April, November, May. The savings rate was unchanged at 6.6% (July revised from 6.7%). New home sales bounced 3.5% to 629k in August after tumbling 1.6% to.
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