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U.S. new-home sales fell slightly in September with all regions of the country except the Midwest showing declines.
Sales of new U.S. homes climbed 3.5 percent in August, snapping a two-month decline as buying surged in the pricey Northeast and West housing markets.
Purchases of new homes increased in February to a seven-month high, indicating the effects of the recent rise in borrowing costs on the U.S. residential real estate market have been modest.
The Commerce Department said Wednesday that new-home sales fell 9.2 percent last month to a seasonally adjusted annual rate of 494,000. Most of the decline stemmed for a 32.1 drop in sales in the West. Sales also slipped in the Midwest, while edging up in the Northeast and South.
With 588 homes sold in May, Spokane County’s real estate market had its best month since 2007, the Spokane Association of Realtors said. The number compares with May 2012, when 440 homes sold in the county.
WASHINGTON — Sales of U.S. new homes fell in February for the second straight month, a reminder that the depressed housing market remains weak despite some improvement.
WASHINGTON — Sales of new homes dipped in January but the final quarter of 2011 was stronger than first estimated.
Sales of new homes collapsed in May, sinking 33 percent to the lowest level on record as potential buyers stopped shopping for homes once they could no longer receive government tax credits.
Home prices in February posted their first annual increase since the end of 2006, lifted by temporary tax credits for homebuyers.
Sales of new homes surged 27 percent last month, bouncing off the previous month’s record low and blowing past expectations as government incentives and better weather boosted sales.
WASHINGTON — New home sales rose a tepid 0.7 percent last month, missing Wall Street expectations and providing more evidence the housing market recovery remains tentative.