By THE ASSOCIATED PRESS, cp.org, Updated: April 23, 2010 10:29 AM
WASHINGTON - Sales of new homes in the United States surged 27 per cent last month, bouncing off the previous month's record low and blowing past expectations as better weather and government incentives boosted sales.
The U.S. Commerce Department says new home sales rose in March to a seasonally adjusted annual sales pace of 411,000. It was the strongest month since last July and the biggest monthly increase in 47 years.
Economists surveyed by Thomson Reuters had expected a sales pace of 330,000. February's results were revised upward to 324,000, but remained an all-time low.
Sales had been especially weak over the winter, partly due to bad weather in much of the country.
The median sales price was $214,000, up more than four per cent from a year earlier but down more than three per cent from February.
Showing posts with label USA. Show all posts
Showing posts with label USA. Show all posts
Friday, April 23, 2010
Thursday, March 25, 2010
February new-home sales at 308,000 annual rate
Market Pulse
March 24, 2010, 10:01 a.m. EDT
By Jeffry Bartash WASHINGTON (MarketWatch) -- Sales of new homes in the U.S. fell slightly in February - the fourth straight monthly drop - to yet another record low. New-home sales slipped 2.2% to an annual pace of 308,000, seasonally adjusted, which is the lowest rate since the government began tracking the data in 1963, according to the Commerce Department. Economists surveyed by MarketWatch forecast annualized sales of 318,000. Sales for January were revised to a seasonally adjusted annual rate of 315,000, up from 309,000 as previously reported. The median price of a new home sold shot up 6.1% to $220,500 in February from January's revised level of $207,900.
March 24, 2010, 10:01 a.m. EDT
By Jeffry Bartash WASHINGTON (MarketWatch) -- Sales of new homes in the U.S. fell slightly in February - the fourth straight monthly drop - to yet another record low. New-home sales slipped 2.2% to an annual pace of 308,000, seasonally adjusted, which is the lowest rate since the government began tracking the data in 1963, according to the Commerce Department. Economists surveyed by MarketWatch forecast annualized sales of 318,000. Sales for January were revised to a seasonally adjusted annual rate of 315,000, up from 309,000 as previously reported. The median price of a new home sold shot up 6.1% to $220,500 in February from January's revised level of $207,900.
Tuesday, March 23, 2010
U.S. existing-home sales fall 3rd month in row
By Rex Nutting WASHINGTON (MarketWatch) Market Pulse
March 23, 2010, 10:00 a.m. EDT
Resales of U.S. homes and condos fell 0.6% in February to a seasonally adjusted annual rate of 5.02 million, the lowest level in eight months, raising doubts about the durability of the housing recovery, the National Association of Realtors reported Tuesday. Sales of existing homes have fallen three consecutive months after rising steadily through the fall in response to a federal subsidy for first-time home buyers. The tax credit has been restored and expanded to repeat buyers, but there has been no increase in sales yet. Inventories of sales on the market jumped in February, rising 312,000 to 3.59 million, the highest since September.
March 23, 2010, 10:00 a.m. EDT
Resales of U.S. homes and condos fell 0.6% in February to a seasonally adjusted annual rate of 5.02 million, the lowest level in eight months, raising doubts about the durability of the housing recovery, the National Association of Realtors reported Tuesday. Sales of existing homes have fallen three consecutive months after rising steadily through the fall in response to a federal subsidy for first-time home buyers. The tax credit has been restored and expanded to repeat buyers, but there has been no increase in sales yet. Inventories of sales on the market jumped in February, rising 312,000 to 3.59 million, the highest since September.
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