New home sales rose by 6.1% in February, greater than expected. The post New Home Sales Rise 6.1% MoM in February (Mostly In Midwest) Following -3.7% Decline in Existing Home Sales was originally published at The Wall Street Examiner. Follow the money!
Today's Water Cooler: NAFTA, AHCA maneuvers and whip counts, open borders, manufacturing, new home sales, Oroville dam, new Case-Deaton study
New home sales for February were reported at 592,000 on a seasonally adjusted annual rate basis (SAAR). This was well above the consensus forecast, however the three previous months combined were revised down slightly. Overall this was...Show More Summary
Americans shrugged off higher mortgage rates and snapped up new homes in February at the fastest pace since July. The Commerce Department says new home sales rose 6.1 percent last … Click to Continue »
Existing home sales - down; pending home sales - down; affordability (as rates spike) - down; new home sales - up at 7-month highs (beating all but one of 70 economists' estimates) New Home Sales SAAR in Feb printed 592k (beating expectations...Show More Summary
CNBC's Rick Santelli and Diana Olick report the latest read on new home sales.
The Census Bureau reports New Home Sales in February were at a seasonally adjusted annual rate (SAAR) of 592 thousand. The previous three months combined were revised down slightly."Sales of new single-family houses in February 2017 were at a seasonally adjusted annual rate of 592,000, according to estimates released jointly today by the U.S. Show More Summary
The Commerce Department said new home sales increased 6.1 percent to a rate of 592,000 units last month, the highest level since July 2016.
The warmer weather probably didn't impact February existing home sales, because existing home sales are counted when the contract closes. However the warm February may have boosted New Home sales since new home sales are counted when...Show More Summary
Median sale prices stay at $525,000 The number of homes sold in Southern California fell from January to February, with a decline of 6.1 percent in Los Angeles County, according to a new report from real estate tracker CoreLogic. Rising...Show More Summary
Southern California home prices jumped in February, posting the largest increase in more than a year, as buyers rushed to outbid one another for a meager selection of homes for sale. The six-county region’s median price for new and resale homes hit $460,000 last month, up $5,000 from January, real...
Reports this week cover new and existing home sales, business investment
The percentage was even higher in Pasadena and Irvine It’s not exactly breaking news that homes in Los Angeles are expensive, but a new analysis from real estate website Estately sheds light on just how many homes are fetching sale prices well out of reach of the average buyer. Show More Summary
Barefoot Contessa star Ina Garten has just listed the elegantly appointed New York City apartment she shared with her husband, academic Jeffrey Garten for $1.975 million, Variety reports. The couple purchased the Upper East Side apartment...Show More Summary
The key economic report this week are February New and Existing Home sales. ----- Monday, Mar 20th ----- 8:30 AM: Chicago Fed National Activity Index for February. This is a composite index of other data. ----- Tuesday, Mar 21st----- No economic releases scheduled. Show More Summary
But both of these homes need new homes Let it never be said that an enterprising buyer can’t find a deal even in this Bay Area home market. Today, two historic Oakland houses are both on the block for the price of a single dollar. But...Show More Summary
U.S. builders broke ground on new homes at a faster pace in February, a sign that developers expect solid sales growth this year.
To the Editor: Any discussion of increasing housing options for middle-income New Yorkers should focus on home-ownership, not rental housing (“Memo to the city: Don’t forget... To view the full story, click the title link.
If you’re thinking about selling your home, the iron will be hot enough to strike fairly soon. According to a new report from real estate marketplace Zillow, homes sold in late spring fetch more money and sell faster. Read more...
For homeowners looking to sell their house quickly and for top dollar, the best time to list is in the late spring — specifically the first half of May. That's according to a new analysis of listing and sales data by real estate website Zillow. READ MORE »