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New home sales drop in August

Sales of new U.S. single-family homes fell more than expected in December, recording their biggest drop in nearly 1-1/2 years, likely as the boost from the replacement of flood-damaged houses in.

Transactions totaled 2,121, the fewest for a first quarter since 2009, appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate said in a report Tuesday. the lower the sales activity.

New home sales drop In August. Sales of new homes fell 4.4 percent in August, held back by the worst drop in the South in three years. Nationally, homes sold at a seasonally adjusted annual rate of 838,000, the lowest monthly level so far this year, the Commerce Department said Wednesday.

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The Commerce Department said on Wednesday new home sales dropped 8.9 percent to a seasonally adjusted annual rate of 544,000 units last month. That was the lowest level since March 2016. The percent.

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Photo by Liz Kuball Homes in the San Fernando Valley are selling like the opposite of hotcakes lately. In February, buyers purchased just 266 single-family houses in the entire region, according to a.

New homes sales fell in August, declining 3.4 percent from July to 560,000 units at a seasonally adjusted annual rate (saar). It was the second consecutive month of contracting sales and defied expectations for a small increase, according to the U.S. Census Bureau.

Homebuying in Brea, Buena Park, Fullerton, La Habra, La Palma, Placentia and yorba linda fell 11 percent from August. sales vs. 3,485 a year earlier, a decline of 14.6 percent in 12 months. Median:.

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Despite the flurry of real estate activity in Long Island City amid the fallout from the Amazon HQ2 debacle, a new city.