· But a housing market turnaround is far from a lost cause. The industry seems to be reaching a sort of equilibrium. Compared to last February, new home sales were up 11.4%. And their prices are at an eight-month high, with the median price of a new property up 6.2% year-over-year to $233,700 in February.

That was the lowest level since March 2016. The percent drop was the biggest since December 2017. New Home Sales ‘000s source: tradingeconomics.com The trade deficit spikes: US Trade Deficit Soars To.

Wells Fargo appeal to block FHA mortgage fraud lawsuit denied (Reuters) – The U.S. government filed a civil mortgage fraud lawsuit on Tuesday against Wells Fargo & Co, the latest legal volley against big banks for their lending during the housing boom.

The median sales price of a new home in February tumbled 9.7% to $302,700. Price pressures are creating a search for more affordable options. In March, 16% of new-homes were sold for less than.

New-home sales tumble | South Salem Real Estate | Buying. – In April, the median sales price for a new home was $309,200, down from $318,700 in March and $321,300 in the year-ago period. As the pace of selling decelerated, there were 5.7 months’ worth of homes available, up from 4.9 months in March.

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11.4% of all U.S. homes are vacant – money.cnn.com – 11.4% of all U.S. homes are vacant By Les Christie, empty homes for sale or rent, and homes used by migrant workers.. Honda and General Motors are creating a new generation of fully.

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New home sales dropped 11.4% from February to March. New home supply jumped 15%. lumber futures have been plunging since the beginning of the year. The Government’s Census Bureau (NYSE:CB.

WASHINGTON (AP) – U.S. sales of new homes last month registered the biggest drop in more than two years. The Commerce Department said Tuesday that new-home sales skidded 11.4 percent in April to a seasonally adjusted annual rate of 569,000. It was the biggest monthly drop since March 2015.

Analysts polled by Reuters had expected new orders excluding transportation to rise 0.7 percent. Separately, the department said new home sales for March surged 26.9 percent. sales of newly built.

New home sales tumble in April after soaring to 10-year high in March – Sales of newly-constructed homes stumbled in April, as builders retreated after a March surge that marked the strongest selling pace in a decade. New home sales ran at a seasonally.

Sales of new single-family homes tumbled 11.4% to an annual rate of 481,000 in March, pulling back from a seven-year high reached in the prior month and hitting the slowest pace since November.

The spring home-selling season is off to a strong start when judged against last year, with a double-digit sales increase this March and growing builder optimism offering the latest signs that the.

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