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

Although inventory increased, sales of new, single-family homes fell month-over-month by 12.8% in July, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Rather, it’s the marginal cases where the new rules hit wealthy individuals much harder.

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The U.S. Census Bureau and the Department of Housing and Urban Development reported Wednesday morning that sales of new homes in September decreased to a seasonally adjusted annual rate of 553,000.

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WASHINGTON – Sales of new U.S. homes plunged in June, a sign that real estate continues to be a weak spot in the economy. New home sales fell 8.1 percent last month to a seasonally adjusted.

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Regionally, new-home sales were down across the board. Sales fell 61.8 percent in the Northeast, 8.3 percent in the Midwest, 8.7 percent in the South and 6.7 percent in the West. The inventory of new homes for sale was 225,000 units in September. This is a 5.8-month supply at the current sales pace.

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New Home Sales Plummet 13.4% for July – AOL Finance Sales of new single-family homes took a big 13.4% month-to-month nosedive to a seasonally adjusted annual rate of 394,000 for July, according to.

Sales of New Homes Plunge 13.4% in July – TheStreet Although more homes were available for sale, sales still fell, as buyers hit by higher interest rates stayed away from the market..XHB Although.