Joint September 2018 report on housing worried analysts


We all remember that the Great Recession has manifested in 2007 by the housing market plunge. Since then all market analysts keep an eye on the Census Bureau and the Department of Housing and Urban Development reports. There is a widely shared belief that new crisis will also start with the realty and then spread to the financial markets. The new report of the Census Bureau and Department of H&UD is not exactly an optimistic one.

Median forecast for the September 2018 was 625,000 new single family home sales. The actual sales number is far below the estimated. It is 553,000 seasonably adjusted. It is 5.5% less than an August rate and whooping 13.2% less than it was back to September 2017.

The median price of the finalized contract was $320.000, while the average price has been $ 377.200.

The median sales price of new homes in september 2018 are sold, amounted to $ 320.000. The average sale price was $ 377.200.

The home sales figure has a volatile nature and all other economic indicators do not show any signs of the slowdown ahead. Unemployment is at their lows, with some states had managed to get the rate below three percent.

By: Peretz M.

Peretz M. is an accomplished economist and financial journalist with a deep understanding of the global economy and financial markets. He is a regular contributor to EconomicInform, where he provides expert analysis and commentary on current economic trends and events. With a strong educational background in economics, Peretz has a talent for breaking down complex economic concepts for a general audience and is able to provide insightful perspectives on a wide range of economic issues.

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