Despite December Decline, New Home Sales End 2017 Higher By Michael Neal on January 25, 2018 (). According to the US Census Bureau and the US Department of Housing and Urban Development, sales of new single-family homes moderated in December 2017, giving back a portion of the gains accrued in November.
Dems press HUD nominee on proposed budget cuts The House Appropriations Transportation-HUD (THUD) Subcommittee released its $56.5 billion fiscal year (fy) 2018 spending bill july 10, which is expected to be approved July 11. According to the committee press release, that funding level represents $1.1 billion (2 percent) less than FY 2017 but $8.6 billion (18 percent) more than the FY 2018 request by President Donald Trump’s administration.
"Looking at all of 2017, applications increased by 7.1 percent compared to 2016. Based on December applications, we forecast that new home sales fell in December but remained nearly 16 percent higher than a year ago, and we are anticipating only modest year over year growth for new home sales in 2018.
New-home sales declined more than forecast in December. The median sales price increased 2.6% year-over-year to $335,400. The supply of homes at the current sales rate rose to 5.7 months from 4.9 months; 295,000 new houses were on market at the end of December. Purchases totaled 608,000 in 2017, up from 561,000 a year earlier.
The numbers: New-home sales ran at. The median sales price in December was $318,600, 7% lower than a year ago. At the current pace of selling, it would take 6.6 months to exhaust available supply,
2017 Top Producers Nos. 201-250 People on the move: April 14 – In the People: Kim Sonerholm, Rossi Ralenkotter, Debra March, Wayne Tew, Brandi Stankovic, Wally Murray, Evelyn Connors, Dan Eckles, Stacy Lewis and more. People on the Move: Feb. 14-20 – VEGAS INCServicers preparing for a new surge in their FHA loan portfolios According to the study, nearly three-quarters (71 percent) of servicing professionals surveyed predicted fha/va loan volumes would increase within their organizations in the next 12 to 24 months; 41 percent believed fha loans will offer their organizations the most portfolio growth over the same time period.
Numbers greater than 50 signal expansion. The median forecast of. to Freddie Mac data. New home sales dropped to 394,000 last month, the lowest reading since October, according to Commerce.
Purchases of new U.S. homes in January were slower than forecast. the spring selling season approaches. New-home sales estimates for January ranged from 540,000 to 600,000. The Commerce Department.
Contracts to purchase previously owned U.S. homes rose less than forecast in December, indicating more tempered progress in residential real estate early this year. The index of pending home sales.
Tiffany lowers yearly forecast after holiday sales decline. and slashed its full- year profit forecast, driving its shares more than 20 percent lower.
WASHINGTON — U.S. home sales fell 1.2 percent in January to their worst pace in. annual sales declines being among homes priced less than $250,000.. of industry surveys and forecasts at the Mortgage Bankers Association.. to sell all homes on the market, compared with 3.7 months in December;.
Sales at U.S. retailers dropped more than forecast in August, indicating a pause in recent consumer-spending strength that has carried the economy. Retail sales decline in August by more than forecast