New home sales fall more than expected
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New single-family U.S. home sales fell 4.7 percent in December to the lowest rate in nearly 13 years while the median sales price dropped sharply according to a government report on Monday that delivered more grim news for the housing sector.
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The latest data indicates that slowing home sales and the rising number of properties for sale is forcing more sellers to reduce prices in many locations across the country.
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U.S. new home sales in May fell more  than expected while consumer confidence in June fell to a  10-month low amid anxiousness about jobs and the business  climate, adding to signs of sluggish economic growth this year.
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WASHINGTON -- Sales of new homes fell in May for the fourth time in the past five months, providing further evidence of a continued slump in housing.
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Sales of non-new houses in the US fell last month but still exceeded analyst forecasts.
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Home sales and prices will fall at a faster pace in 2007 than originally expected, a leading U.S. real estate trade association said on Wednesday.
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Sales of new single-family homes fell 4.7 percent in December while the median sales price fell 10.9 percent to $219,200 from November, according to a government report
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Sales of new US homes plunged in July for the second straight month, data showed, a sign of chillier demand cooling the once red-hot market.
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Sales of new U.S. homes unexpectedly   rose in August but sales in July were weaker than first   thought, while new orders for durable goods fell, according to   government reports on Wednesday giving mixed indications about   the economy's direction.
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Sales of new US homes fell at the fastest pace since records began in 2007, government figures show.
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The number of new US homes sold in October fell, but prices rose reversing September's sharp decline, official data showed.
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New-home sales in November dropped 9 percent from the previous month, and were down 34 percent from a year earlier, more dismal figures for an industry facing bloated inventory, declining prices and mortgage woes.
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U.S. home sales and prices will fall  further in 2007 than earlier expected, the leading realty trade  association predicted on Wednesday.
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Sales of existing homes fell by a larger-than-expected amount in April while the median price of a home sold during the month fell for a ninth straight month as the troubles in the subprime mortgage market acted as a further drag on housing.
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U.S. new home sales fell a  steeper-than-expected 9 percent in November, but business  activity elsewhere perked up this month, according to reports  on Friday that showed pockets of strength in the economy  despite a housing sector meltdown.
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Investor's Business Daily - The National Assoc. of Realtors cut its &#39;07 outlook for the fourth consecutive month. Home resales will fall to 6.18 mil from last month&#39;s forecast of 6.29 mil and well below the initial 6.42 mil forecast. The median existing-home sales price will fall 1.3%, more than the previously forecast 1% slide. The median new-home price will fall 2.3% to $240,800, reversing the Jan. forecast for a 2% gain, NAR said.
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The number of new US homes built in May fell by more than analysts forecast, official data shows.