New US home sales post solid rate of 673,000 in April – Wood Business

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NewsOK: Oklahoma City News, Sports, Weather & Entertainment. Sales of new U.S. homes fell 1.5 percent in April; buying plunged in the West

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The numbers: New-home sales were at a 673,000 seasonally adjusted annual rate in April, the Commerce Department said Thursday. That was 6.9% lower than March, but that month’s tally was revised sharply higher. April’s figures nearly matched the MarketWatch consensus forecast for a 670,000 pace of sales.

July 19, 2019. West Fraser lumber inventories reduced by 150 mmbf in Q2 2019. May 23, 2019. New US home sales post solid rate of 673,000 in April.

Sales of new U.S. homes fell in January for the second straight month, failing to rebound from a weather-related drop in December. US new-home sales drop 7.8 percent in January to 593,000 | Fox.

Sales of newly built, single-family homes fell 6.7 per cent to a seasonally adjusted annual rate of 673,000 units in April after a sharp upwardly revised March report, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

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New U.S. single-family home sales rose in May and the median sales price surged to an all-time high, suggesting the housing market had regained momentum. The Commerce Department said on Friday new.

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New U.S. single-family home sales unexpectedly fell in July, dropping to their lowest in seven months amid a surge in prices, raising concerns of a slowdown in the housing market recovery.

On a brighter note, lower mortgage rates have helped. which showed sales reached a cycle-high 723,000-unit pace during March. Furthermore, the 673,000-unit sales pace hit in April was the fourth.

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As a reminder, in December, we completed the sale of our Wood Flooring business. As of the fourth quarter. the full year and fourth quarter, helped by our new innovative products that have allowed.