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New-home sales declined in April as demand fell in West

New Home Sales Sales of new singlefamily houses in April 2019 were at a seasonally adjusted annual rate of 673,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.

Sales fell only in the West, which posted a 7.9% decline in April. Purchases were unchanged in the Midwest and up marginally in the South, the biggest region. Cooler demand could allow homebuilders to chip away at their backlogs.

New Home Sales Fell Last Month.. WASHINGTON–New home sales in the U.S. declined in April, posting the largest monthly drop since the end of last year and signaling the housing market is on.

US new-home sales tumble in January, big decline in West. – The Commerce Department said Wednesday that new-home sales fell 9.2 percent last month to a seasonally adjusted annual rate of 494,000. Most of the decline stemmed for a 32.1 drop in sales in the West. Sales also slipped in the Midwest, while edging up in the Northeast and South.

The inventory of new homes for sale rose to 336,000 in October. The median sales price fell 3.6 percent to $309,700, as the market is shifting to townhomes and other lower-cost houses. Looking at the regional numbers on a year-to-date basis, new home sales rose 6.3 percent in the Midwest, 4.1 percent in the West, and 3.8 percent in the South.

WASHINGTON (Reuters) – New U.S. single-family home sales unexpectedly fell in March, but the decline was concentrated in the West region, suggesting that the housing market continued to steadily.

New-home sales in the US fell by much more than expected in April. Sales slumped by 11.4% at a seasonally adjusted annual rate of 569,000, the Census Bureau said in its monthly report.

New Home Sales in U.S. Dip in April. U.S. Census Bureau, sales of newly built, single-family homes fell. housing demand in California remained subdued for the ninth. of new homes in all four major U.S. regions significantly declined in. and Midwest canceled out downturns in the South and West.

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