New-home sales decline in January to three-month low

Sales Price. The median sales price of new houses sold in June 2018 was $302,100. The average sales price was $363,300. For Sale Inventory and Months’ Supply. The seasonally-adjusted estimate of new houses for sale at the end of June was 301,000. This represents a supply of 5.7 months at the current sales rate.

New home sales drop to three-month low. NSW had the largest rise in sales of detached new homes in May, up 13.6 per cent, while South Australia rose 2.1 per cent. Queensland had the largest decline in sales, down 12.3 per cent, Western Australia was down 10.7 per cent and Victoria fell 8.5 per cent.

 · New home sales fall to 17-month low as land runs out.. It was the lowest number of new home sales since January 2009. Private house sales also fell to a 17-month low.

2017 Top Producers Nos. 201-250 Rising costs could test mortgage servicers’ strategies Reps and warrants provisions lead to B of A’s 4Q mortgage loss People on the move: March 15 The politicians and the media first heard the alarm bells ringing early one morning in October 1997, when Senator Nick Sherry was found on the floor of his Canberra flat in a pool of blood, having.Last month, Citigroup announced plans to exit the mortgage servicing business and sell off a $97 billion portfolio to a non-bank servicer and transfer their remaining mortgage servicing rights (msrs) to another non-bank servicer by early 2018. Thus continues the trend of non-bank mortgage servicers capturing more market share year over year than their bank competition.That is on top of rising interest rates, which many experts are forecasting will reach at least 5 percent next year. "The sharp decline in MBA’s Purchase Application index in May had provided a clear leading indicator of the drops in new and existing home sales that were reported for June and July. Despite the.

Sales of new homes in January fell to the weakest pace since October, driven by a decline in the Midwest as still-elevated prices keep buyers on the sidelines. Single-family home sales fell from the prior month to a 607,000 annualized pace, according to a government report Thursday that was delayed two weeks by the partial government shutdown.

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New Home Sales Decline By Michael Neal on May 23, 2018 Sales of new homes fell by 1.5 percent over the month of April to a seasonally adjusted annual rate of 662,000.

Freddie Mac pushes back ULDD Phase 3 soft launch Charting a Course Through a New Multifamily Lending Landscape.. dynamics of Fannie Mae and Freddie Mac pulling back in their lending while CMBS, life insurance lenders and other are stepping in.

This provides insight into the sales. January of at least 1.5 percentage points compared with the average for the previous three months. Also suffering a decline in sales growth of 0.5 percentage.

New home sales in the U.S. totaled 607,000 in January, down from 652,000 in December, the census bureau reports. The drop was steeper than projected by economists, who had estimated January sales.

Home prices slow down for 12th straight month as buyers market begins to emerge Americans stepped back from buying new homes in March, the third straight monthly decline as sales. some economists see low mortgage rates and improving job market as strong enough to boost sales.

New-home sales tumble to a 10-month low in December as recovery remains rocky. Even with a double-digit December decline, 2016 brought 12.2% more sales than 2015 .. More from MarketWatch.

After two consecutive months of decline, existing-home sales around the country rebounded by 3 percent from January, according to the National Association of Realtors. Existing-home sales grew from 5.38 million in January to 5.54 million in February and are currently up 1.1 percent from last year.

People on the move: April 5 Mid-Hudson business people ‘On the Move’: May 26, 2019 Mike Weddle has been named Medical Director for the non-profit human service agency Catholic Charities of Orange, Sullivan, and Ulster.