Total existing-home sales in the U.S., which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, jumped 5.1 percent to a seasonally adjusted annual rate of 5.33 million in March from a downwardly revised 5.07 million in February.
Home New Home Sales Beat Analyst Estimates;. according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 2.8 percent.
New-home sales rebound in May on hearty demand. What happened: Sales of newly-constructed homes were 6.7% higher than a downwardly-revised April pace, and 14.1% higher than a year ago, the Commerce Department said Monday. The median sales price in May was $313,000, 3.3% lower than a year ago.
New U.S. single-family home sales dropped in March to their lowest level in four months, but the reading still beat analysts’ expectations as the government said sales in prior months were higher than initially thought. The Commerce Department said on Tuesday sales slipped 7.1 percent to a seasonally adjusted 328,000-unit annual rate. Home.
KB Home sees US housing rebound as earnings beat. March 26, 2019. homes at lower prices in its fiscal first quarter, with average selling prices. cent to $811.5m, falling short of analysts' average estimate of $831.79m.
February Home Sales Rebound: 4 Stock to Buy Despite Fed Hike. Sales increased 1.1% from the year-ago level. This surge in existing-home sales (accounting for 90% of the market) after declining sales in the last two months indicates that competition will heat up during the traditional spring home-buying season.
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The index of pending home resales climbed 5.9 percent to 101.1, matching a two-year high reached in March. U.S. manufacturing is faltering. Bookings rose 1.1 percent, the first gain in three months.
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In addition, new home sales for February and March were revised upward by a combined 10,000 units. Compared to May 2016, new home sales are now up 8.9 percent. The number of new homes for sale increased by 4,000 units (1.5 percent) from April to 268,000 units (SAAR), its highest level since July 2009, but still low by historic standards .
The Fremont, Calif.-based company earned an adjusted $3.70 a share on sales of $2.44 billion in the March quarter. Analysts expected Lam Research earnings of $3.38 a share on sales of $2.4 billion.