New-home sales unexpectedly jump to highest level since 2007

New home sales are strong across the country, rising 8.3 percent in June according to a Commerce Department report on Wednesday. Here, construction on homes in the Maravilla community by Ryland.

Purchases of new U.S. homes unexpectedly jumped in July to the highest level in almost. the least since November. The median sales price of a new house declined 0.5% from July 2015 to $294,600, the.

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Purchases of new U.S. single-family homes rose in June to the highest level in more than eight years, indicating a firm and resilient housing market. Sales increased 3.5% to a 592,000 annualized pace,

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Sales in the South, which accounts for more than half of new home sales, jumped 18.1 percent to their highest level since July 2007. Sales were flat in the West, which has seen a sharp increase in.

Purchases of new homes rose in three of four U.S. regions, led by a gain in the Midwest, while transactions in the South, the largest region, climbed to the highest level since 2007. Sales in the West were unchanged. The supply of homes at the current sales rate decreased to 6.1 months, the lowest since June, from 6.5 months in January.

New Home Sales Unexpectedly Jump in October.. U.S. new home sales unexpectedly jumped in October, bolstering optimism over the health of the real estate sector, official data showed on Monday.

 · New home sales (april 2016) – New Home Sales (seasonally adjusted annualized) 619,000. Previous was 531,000. This is the highest level since 2008. This is +15.4% month/month and +23.8% year/year. By region the strongest gains were in the NE and mid-west. Richmond Federal Reserve Manufacturing Index (May 2016) – Index level -1. Previous was +14.

The Commerce Department said on Monday new home sales increased 6.2 percent to a seasonally adjusted annual rate of 685,000 units last month. That was the highest level since October 2007.

With the bigger than expected increase, the pending home sales index reached its highest level since reaching 111.3 in April of 2010, when home sales were boosted by a tax credit. Excluding a few spikes during the tax credit period, NAR said the index is at its highest level since March of 2007.