13.4% plummet sales of new homes in U.S.

In U.S. trading on Friday, EUR/USD was up 0.18% at 1.3380. The Commerce Department reported earlier that new home sales in the U.S. dropped 13.4% to 394,000 units in July, far worse than market.

Paul Rechichar, owner of Platinum Home Builders in New Smyrna Beach, said sales of new homes has been on the increase. the Springview Woods community off U.S. 17-92 where builder D.R. Horton has.

WASHINGTON (AP) – U.S. home sales cratered in December, causing price growth to slip to the lowest level in more than six years as the housing sector ended 2018 on a decidedly weak note. The National Association of Realtors said Tuesday that sales of existing homes plunged 6.4 percent to a seasonally adjusted annual rate of 4.99 million last month, the worst pace in almost three years.

U.S. home-sale prices edged up again in May, growing 3.6 percent from a year ago to a median of $315,700 across the metros Redfin tracks. While this was the biggest annual home price increase in seven months, it fell far short of the 7.1 percent growth rate of a year earlier.

Sales of new single-family homes in April came in at a seasonally adjusted rate of 569,000 sales, a decrease of 11.4% from last month’s 642,000 sales. However, this is up 0.5% from last year’s.

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U.S. home-sale prices rose for the third consecutive month in June, growing 3.4 percent year over year to a median of $321,200 across the metros Redfin tracks. The growth rate of home prices was on par with the May rate and was down from a 5.5 percent year-over-year gain in June 2018.

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According to the census bureau, new home sales dropped 13.4% in July to a seasonally adjusted annual rate of 394,000, from a downwardly revised estimate of 455,000 in June. Economists polled by Bloomberg were expecting new home sales to drop to a seasonally adjusted annual rate of 487,000, from the original estimate of 497,000.

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