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That shortage has helped push home prices to record highs. The median sales price of an existing home in August was $416,700, the 14th consecutive month of year-over-year price increases ...
Economists polled by Reuters had forecast new home sales, which account for 15.6% of U.S. home sales, falling to a rate of 700,000 units. New home sales are counted at the signing of a contract.
Existing-home sales in January 2024 rose 3.1 percent from December but remain down 1.7 percent from a year ago, according to the National Association of Realtors. ... a new report by the National ...
New home sales jumped 8.8% to a seasonally adjusted annual rate of 693,000 units last month, the highest level since September, the Commerce Department's Census Bureau said. The sales pace for ...
New home sales is an economic indicator which records sales of newly constructed residences in the United States of America. The United States Census Bureau publishes new home sales statistics monthly on their website. Statistics are reported as unadjusted monthly rates and seasonally adjusted annual rates.
Existing home sales — which make up most of the housing market and include single-family homes, townhomes, condominiums and co-ops — rose 9.5% in February from the prior month to a seasonally ...
June 21, 2024 at 11:20 AM. By Lucia Mutikani. WASHINGTON (Reuters) -U.S. existing home sales fell for a third straight month in May as record-high prices and a resurgence in mortgage rates ...
New home sales have outperformed existing home sales so far this year. Properties typically remained on the market for 20 days in July, up from 14 days a year ago.