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About: http://data.cimple.eu/news-article/9e91c253de4304104eef40ca23da73e7179ad13cb20a8bb54fa0d89d Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Sales of new homes accelerated last month across most of the United States, jumping 20.7 percent and more than recovering from the drop caused by winter storms in February, the government report Friday. The increase pushed the annualized sales rate to more than one million single-family homes, the Commerce Department reported, its highest level since August 2006 before the mortgage market implosion sparked the 2008-2010 global financial crisis. The surge also put the sales rate nearly 67 percent higher than March 2020 when the Covid-19 pandemic hit the US economy, according to the data. The rebound was much bigger than analysts were expecting, and ran contrary to the 3.7 percent decline in existing home sales last month, a far larger market that was chilled by tight supply and rising prices. There were double-digit monthly gains in new home sales everywhere except in the West, where sales plunged 30 percent, according to the report. The median sales price dipped to $330,800, its lowest since August 2020, reflecting a big jump in more moderately priced homes. But economists caution that declining mortgage applications augur a coming cooling for the hot housing market. Ian Shepherdson of Pantheon Macroeconomics called the results "startling" -- he had forecast a drop in new home sales -- but noted the volatile data will eventually reflect the slowing trend. "Stepping back from the noise, the key point here -- and for all housing market indicators -- is that mortgage applications have fallen each month since January, and now point to further declines in sales,' he said in an analysis. hs/cs
schema:headline	US new home sales surge 20.7% in March: govt
schema:mentions	Nuclear weapon design Glossary of ancient Roman religion Great Recession Mortgage loan Pandemic United States Coronavirus disease 2019 The Rebound Ian Shepherdson Pantheon Macroeconomics United States Department of Commerce
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-04-23 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	76 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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