New-home sales unexpectedly jump to highest level since 2007

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Purchases of new U.S. homes unexpectedly increased in March to an eight. building on last year’s new-home sales that were the strongest since 2007. While mortgage costs remain above pre-election.

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 · New Home Sales Climb to Highest Level Since October 2007 Filed in Economics , Home Building by NAHB Now on August 23, 2016 1 Comment The Frenchmen C is a new model from NAHB 20 Club member Larry Kornman of Sunrise Homes.

That made this the second highest number of starts, and the biggest June since at least 1990. There’s supply in the pipeline,

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With the bigger than expected increase, the pending home sales index reached its highest level since reaching 111.3 in April of 2010, when home sales were boosted by a tax credit. Excluding a few spikes during the tax credit period, NAR said the index is at its highest level since March of 2007.

Sales in the South, which accounts for more than half of new home sales, jumped 18.1 percent to their highest level since July 2007. Sales were flat in the West, which has seen a sharp increase in.

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WASHINGTON – Sales of newly built, single-family homes rose 12.4% in July from a downwardly revised June reading to a seasonally adjusted annual rate of 654,000 units, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This is the highest reading in almost nine years.

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Purchases of new U.S. homes unexpectedly jumped in July to the highest level in almost. the least since November. The median sales price of a new house declined 0.5% from July 2015 to $294,600, the.

 · The Commerce Department said new home sales jumped 12.4 percent to a seasonally adjusted annual rate of 654,000 units last month, the highest level since October 2007.

Canadian Housing Starts Hit The Highest Level Since 2007. Starts of new housing in Canadian CMAs reached a multi-year high last month. The were 234,238 annualized starts in June, up 3.46% from the same month last year. The last time it was this high was in 2007, and even then it was for only the month of September.