FOREX TradingCharts.com

Financial News: U.S. New Home Sales Plunge Much More Than

U.S. New Home Sales Plunge Much More Than Expected In January

02/26/2025 - 10:57:00 (RTTNews)

(RTTNews) - A report released by the Commerce Department on Wednesday showed a substantial pullback by new home sales in the U.S. in the month of January.

The Commerce Department said new home sales plunged by 10.5 percent to an annual rate of 657,000 in January after spiking by 8.1 percent to an upwardly revised rate of 734,000 in December.

Economists had expected new home sales to slump by 2.6 percent to an annual rate of 680,000 from the 698,000 originally reported for the previous month.

The sharp pullback by new home sales came amid steep drops in the Northeast, Midwest and South, while new home sales in the West saw a notable increase.

The report also said the median sales price of new houses sold in January was $446,300, up 7.5 percent from $415,000 in December and up 3.7 percent from $430,400 in the same month last year.

The estimate of new houses for sale at the end of January was 495,000, representing 9.0 months of supply at the current sales rate. The months of supply is up from 8.0 in December and 8.3 a year ago.

Last Friday, the National Association of Realtors released a separate report showing existing home sales in the U.S. also pulled back sharply in the month of January.

NAR said existing home sales plunged by 4.9 percent to an annual rate of 4.08 million in January after surging by 2.9 percent to an upwardly revised rate of 4.29 million in December.

Economists had expected existing home sales to tumble by 2.8 percent to an annual rate of 4.12 million from the 4.24 million originally reported for the previous month.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2025 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Fed's Daly Says Policymakers Can Wait For More Clarity Around Trade Policies (03 hr(s), 58 min(s), 30 sec(s) ago)
(RTTNews) - The Federal Reserve can make more reductions as projected earlier but policymakers sho ...Full Story»

Slovenian Producer Prices Rise 1.2% (12 hr(s), 41 min(s), 30 sec(s) ago)
(RTTNews) - Slovenia's producer prices increased for the second straight month in March, figur ...Full Story»

Italy Construction Output Grows Most In 6 Months (13 hr(s), 13 min(s), 30 sec(s) ago)
(RTTNews) - Italy's construction output expanded for the second straight month in February and ...Full Story»

Italy Trade Surplus Shrinks In February (15 hr(s), 08 min(s), 30 sec(s) ago)
(RTTNews) - Italy's foreign trade surplus decreased in February from a year ago as imports gre ...Full Story»

Moldova Producer Price Inflation Rises To 4.7% (15 hr(s), 55 min(s), 30 sec(s) ago)
(RTTNews) - Moldova's producer prices increased for the third straight month in March and at a ...Full Story»

Malaysia Economic Growth Eases, Trade Surplus Grows (17 hr(s), 05 min(s), 30 sec(s) ago)
(RTTNews) - Malaysian economic growth eased further in the first quarter of 2025 amid a contractio ...Full Story»

Japan Nationwide Inflation Climbs 3.6% On Year In March (22 min(s), 30 sec(s) ago)
(RTTNews) - Overall consumer prices in Japan were up 3.6 percent on year in March, the Ministry of ...Full Story»

Japan Inflation Data Due On Friday (01 hr(s), 56 min(s), 30 sec(s) ago)
(RTTNews) - Japan will on Friday release March figures for national consumer prices, highlighting ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Fed's Daly Says Policymakers Can Wait For More Clarity Around Trade Policies

04/18/2025 - 16:02 PM (RTTNews)
(RTTNews) - The Federal Reserve can make more reductions as projected earlier but policymakers sho ...Full Story>>

Slovenian Producer Prices Rise 1.2%

04/18/2025 - 07:19 AM (RTTNews)
(RTTNews) - Slovenia's producer prices increased for the second straight month in March, figur ...Full Story>>

Italy Construction Output Grows Most In 6 Months

04/18/2025 - 06:47 AM (RTTNews)
(RTTNews) - Italy's construction output expanded for the second straight month in February and ...Full Story>>

Italy Trade Surplus Shrinks In February

04/18/2025 - 04:52 AM (RTTNews)
(RTTNews) - Italy's foreign trade surplus decreased in February from a year ago as imports gre ...Full Story>>

Moldova Producer Price Inflation Rises To 4.7%

04/18/2025 - 04:05 AM (RTTNews)
(RTTNews) - Moldova's producer prices increased for the third straight month in March and at a ...Full Story>>

Do not sell my personal information

Copyright © 2025. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.