New US home sales fall to a 13-year low in February, underscoring steep slump in housingMARTIN CRUTSINGER
000 units, the lowest level since April 2020, the Commerce Department reported on Tuesday. Economists surveyed by Refinitiv expected new home sales – which account for a small percentage of total sales – to fall 5.2% last month.
New home sales rose in three of the four regions, with the Midwest leading the way with a whopping 56.4% increase. Sales rose 14.9% in the south and nominally in the West, offsetting a 15.6% decline in the Northeast. Historically low mortgage rates have fed the demand for housing, even ...
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New-home sales will probably fall 31.7 percent to 529,000 in 2008 before rising 12.5 percent to 595,000 in 2009. Housing starts, including multifamily units, are projected to drop 27.2 percent to 987,000 this year, and then slip 0.6 percent to 980,000 next year. ...
surprise, given that toy sales are typically higher during the holiday season than at the beginning of a new year. Meanwhile, consumers said they expect to allocate more of their budget toward fitness and wellness, once again, in line with typical spending habits at the beginning of ...
After plunging to multi-decade lows last fall, home sales began to rebound in early 2024 as housing supply improved and hopes grew that the Fed would begin to cut interest rates imminently. Then came signs that inflation’s slowdown had stalled. ...