August New Home Sales Rebound 7.9% to 421,000

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Sept. 25 (Bloomberg) -- Bloomberg’s Scarlet Fu reports that new home sales rose 7.9 percent for the month of August to 421,000 following a slump in demand the previous month. She speaks on Bloomberg Television’s “Market Makers.”

This has to do with the housing market.

Sales numbers are out.

421 thousand is the figure for august.

That needs economists expect haitians.

Do not forget last month was a massive disappointment, and that number was just revised down.

More perspective from scarlet fu . the numbers from the commerce department shows housing have the weakest two months of this year.

You mention 420 1000. that is 1000 more than what analysts and economists had anticipated.

In terms of percentage gain, 7.9% gain month over month.

The plunge in july was revised down to a decline of 14.1%. already the biggest drop in more than three years and indicates and reflects how higher mortgage rates are hurting the housing market overall.

We should mention the medium price.

August 254,000 dollars.

That is up .6% from the same time last year but cooling down from last month.

Down .7% from july.

We have been inundated from housing market all week.

Home prices overall in the summer rose the most in seven years.

Mortgage applications as well increased by about 5.5%. nevertheless, you do see higher mortgage rates starting to cool down the housing recovery overall.

Looking ahead to the pending home sales number.

That tracks the number of contracts to buy previously- owned homes.

A gain of six percent compared to a year ago.

Lex i will say thank you very

This text has been automatically generated. It may not be 100% accurate.

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