Existing home sales decline 4.3% in November

The National Association of Realtors said on Monday existing home sales dropped 7.1 percent to an annual rate of 5.08 million units, the lowest level since November. February’s decline weighed on.

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The existing-home sales data measures sales and prices of existing single-family homes for the nation overall, and gives breakdowns for the West, Midwest, South, and Northeast regions of the country. These figures include condos and co-ops, in addition to single-family homes.

The numbers: Existing-home sales ran at a seasonally adjusted annual rate of 5.15 million in September, the National Association of Realtors said Friday. That was a 3.4% decline for the month. up.

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Housing inventory in November fell 5.8% to 2.58 million existing homes, a 7-month supply at the current sales prices, compared with a 7.7-month supply in October. By region, sales rose by 9.8% in the.

The decline in sales occurred across the board in every major U.S. region, with the biggest declines occurring in the West (9.6%) and Midwest (8.9%). Total housing inventory was down 6.7% in November to 2.09 million existing homes for sale, or a 5.1-month supply at the current sales pace.

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The National Association of Realtors said existing-home sales hit a 5.42 million annual rate in July, up 2.45% from a slight decline in June. selling price for all housing types to $280,000, up 4.3.

New home sales rise 4.3% in November Filed in Construction Industry , Economics by NAHB Now on December 23, 2015 3 Comments Sales of newly built, single-family homes rose 4.3% to a seasonally adjusted annual rate of 490,000 units in November, according to newly released data from HUD and the U.S. Census Bureau.

Sales of previously owned U.S. homes unexpectedly climbed in October. Inventory of available properties fell 4.3% from October 2015 to 2 million, marking the 17th straight year-over-year decline.

Existing home sales fell 4.3% for November to a seasonally adjusted rate of 4.9 million, according to Thursday’s report from the National Association of Realtors, although median prices show.

"After six consecutive months of decline, buyers are finally. in September to 1.85 million existing homes available for sale, but that represents an increase from 1.80 million a year ago. Unsold.

US new home sales rise 7% in June after 2 months of decline .. along with a drop in existing home sales in June, suggests the housing market is still struggling to accelerate after slowing.