New home sales plunge 13% in July

NEW. 13% from year-ago levels, falling 4% from what had been a very weak June. That made July the worst month for the industry in 16 years, according to sales tracker Autodata. The traditional Big.

The numbers: New-home sales ran at a seasonally adjusted annual 629,000 rate in August, the Commerce Department said Wednesday. What happened: Sales of newly-constructed homes rose 3.5% compared to.

although the number of new leases signed rose 13% to 268. “The softer market in Queens was a bit of an outlier in July, and.

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Year over year, new-home sales were up 12.6% in August. The new-home sales report measured the number of newly constructed homes with a committed sale in a month. Still, the reading was the second lowest in 2013. New-home sales data has been volatile. It plunged more than 13% in July, as buyers felt the impact of rising prices and higher rates.

 · (RTTNews) – New home sales in the U.S. unexpectedly saw a substantial decrease in the month of July, according to a report released by the Commerce Department on Wednesday. The report said new.

New Home Sales is a leading indicator of economic health because the sale of a new home triggers a wide-reaching ripple effect. For example, furniture and appliances are purchased for the home, a mortgage is sold by the financing bank, and brokers are paid to execute the transaction.

5 days ago · The median rent for a Manhattan apartment rose to $3,595 in July, a 5.7% gain from a year earlier, and reached a new high of $3,000 in Brooklyn, up 1.7%, as potential homebuyers waited to see what.

 · In March, the median sales price was up 13%, April 12%, May 10%, June 8%. We know that there has been a little softness in pricing, with price.

Matt Martin Real Estate Management rebrands as Chronos Solutions Matt Martin serves as Chairman of Chronos Solutions, and as a member of its Board of. Mr. Martin is an accomplished executive in all facets of real estate finance, Prior to joining Chronos Solutions, Mr. Steiner was Managing Partner of.

Housing Market Worsens As New Home Sales Collapse A $17 billion drop in Chinese purchases of U.S. residential properties has real estate firms formerly looking for sales from China changing their pitch. The National Association of Realtors reported.