13.4% plummet sales of new homes in U.S.

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Although inventory increased, sales of new, single-family homes fell month-over-month by 12.8% in July, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Rather, it’s the marginal cases where the new rules hit wealthy individuals much harder.

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The U.S. negative equity rate at the end of 2016 – the nationwide share of underwater homeowners, those with a mortgage owing more than their home is worth – fell to 10.5 percent, down from 13.1 percent at the end of 2015 (figure 1), according to the Zillow 2016 Q4 Negative Equity Report.

New home sales plummet. homenews. by Ryan smith 26 aug 2013.. The Commerce Department said Friday that sales of new homes dropped 13.4% in July, to an annual rate of 394,000 units, well below.

The number of finished new homes, overall, hit just over 1.2 million homes in March, according to the report. That’s up 3.2% from February and 13.4% over the same time last year.

The Commerce Department said Friday that U.S. sales of newly built homes dropped 13.4 per cent to a seasonally adjusted annual rate of 394,000. That’s the lowest pace in nine months. And it is down.

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New home sales decreased significantly in January, falling from 2017’s decade-high pace, according to the latest report from the U.S. Census Bureau and the U.S. Department of Housing and Urban.

More Prime Foreclosures; More Re-Defaults “I think the next phase of the housing recovery will be partly driven by people in the prime age group” of. last August as soon as the foreclosure came off her credit report. denver-area home.

In the absence of U.S. government data, it projected sales of new homes would end the year down 2.2 percent from December 2017. Signs that demand was slowing appeared early in December.