New-home sales climb for a third straight month in March

Sales of new U.S. single-family homes climbed 4.5% in March, reaching a 16-month high, as falling mortgage rates and prices and stronger wage gains bolstered demand. New home were sold at. but.

Existing home sales dipped in February, continuing a three-month-long run of declining sales activity, according to the National Association of Realtors (NAR).

New-home sales climb for a third straight month in March. – Sales of new homes unexpectedly rose in March, climbing to a 16-month high to cap the first quarter with a third straight increase that reflects a boost from lower borrowing costs. Single-family home sales rose 4.5% to a 692,000 annualized pace that topped all estimates in Bloomberg’s survey, while February’s figure was revised down somewhat,

WASHINGTON – Sales of new U.S. homes increased 4.5% in March, the third straight monthly gain as the housing market appears to be cautiously recovering from a mortgage rate spike last year that.

Total housing inventory 3 at the end of March climbed 5.7 percent to 1.67 million existing homes available for sale, but is still 7.2 percent lower than a year ago (1.80 million) and has fallen year-over-year for 34 consecutive months. unsold inventory is at a 3.6-month supply at the current sales pace (3.8 months a year ago).

S&P 500 Weekly Update: Plenty Of Opportunity In This Market, Stay The Course – Coming into the week of June 3rd. full-time jobs New home sales in March reached a new cycle high and grew 7% year over.

Existing-Home Sales Climb 1.1 Percent in March News provided by. National Association of Realtors. fixed-rate mortgage increased for the sixth straight month to 4.44 percent in March.

The market mood is mixed ahead of Chinese industrial output misses with 5% compared with.5.5% expected. US retail sales are.

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WASHINGTON (Reuters) – Sales of new U.S. single-family homes rose to a near 1-1/2-year high in March, boosted by lower mortgage rates and house prices. The third straight monthly. home sales in the.

The National Association of Realtors (NAR) said existing home sales declined for the third straight month in June. Total existing-home sales – which are completed transactions including single.

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