13.4% plummet sales of new homes in U.S.

The average luxury home that went into contract in the first quarter asked $8.802 million, the highest quarterly average in 14 years, according to the brokerage, which tracks new pending sales over $4.

 · The U.S. market is still young, but with demand outpacing expectations for stylish prefab homes, more choice — and more buyers — are sure to follow. By Reena Jana, with Aleta Davies in New.

 · Regionally, new-home sales were down across the board. sales fell 61.8 percent in the Northeast, 8.3 percent in the Midwest, 8.7 percent in the South and 6.7 percent in the West. The inventory of new homes for sale was 225,000 units in September. This is a 5.8-month supply at the current sales pace.

Yet Investment Sales Climb 4.5 Percent According to a new U.S. second-home survey by the National Association of Realtors, last year’s strongest pace of existing home sales in a decade included a sizeable drop in activity from vacation buyers and a jump from individual investors.

The aging of Japan is thought to outweigh all other nations, with Japan being purported to have the highest proportion of elderly citizens.Japan is experiencing a “super-aging” society both in rural and urban areas. According to 2014 estimates, 33.0% of the Japanese population is above the age of 60, 25.9% are aged 65 or above, and 12.5% are aged 75 or above.

Germany is already teetering on the brink of recession; an unruly exit from the European Union this fall could cause one in.

June 25 – Reuters (Lucia Mutikani): “Sales of new U.S. single-family homes unexpectedly fell for a second straight month in May, suggesting lower mortgage rates had yet to provide a boost to the struggling housing market..

Sales of New Homes Plunge 13.4% in July Although more homes were available for sale, sales still fell, as buyers hit by higher interest rates stayed away from the market. Shanthi Bharatwaj

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New home sales plummet. HomeNews. by Ryan Smith 26 Aug 2013.. The Commerce Department said Friday that sales of new homes dropped 13.4% in July, to an annual rate of 394,000 units, well below.