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

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

Sales of new U.S. 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 per cent to a 692,000 annualized pace that topped all estimates in Bloomberg’s survey, while February’s figure was revised.

Sales of new U.S. 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.

(Bloomberg) — Sales of new U.S. 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.

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U.S. new home sales drop for second straight month – U.S. new home sales drop for second straight month WASHINGTON, June 25 (Reuters) – Sales of new U.S. single-family homes unexpectedly fell for a second straight month in May, suggesting lower mortgage rates had yet to provide a boost to the struggling housing market.

Sales of new U.S. 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 per cent to a 692,000 annualized pace that topped all estimates in Bloomberg’s survey, while February’s figure was revised.

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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.

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New home sales have always been subject to noise, which is why they’re grouped into quarters instead of months. I would agree one month of existing home sales isn’t enough to draw a conclusion on, but they’ve been pretty steadily declining for a while now, March was a return to the trend after February’s result, which looks to have been an outlier.

 · Sales of new U.S. homes unexpectedly rose in March to a 16-month high, with a third straight increase that reflects a boost from lower borrowing costs.

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