REACH THE RIGHT SOLUTION AT THE RIGHT TIME!
Contact NMSI
Welcome to Nationwide Management Services, Inc. Our services are supported by a unique and proprietary fully-automated inspection system. Our system allows our agents to contact and complete your requests much faster and more effective than our competitors. We ensure you get the right service and provide you with access to comprehensive reports so that our relationship is 100% transparent. Our goal is to maximize every dollar you spend with us and to enhance the overall loss mitigation experience with you as well as your customer.
CONTACT US
 

Cliff-Diving Continues For New Home Sales, Now Down to 2016 Levels

Cliff-Diving Continues For New Home Sales, Now Down to 2016 Levels

The headline conveys the thesis quite well when it comes to the New Residential Sales data just released by the Census Bureau. July's total fell to a seasonally-adjusted annual pace of 511k, down from 585k last month and well below the median forecast of 575k.  This is the slowest pace of sales since early 2016. Sales are divided into 4 areas of the country.  The South added 342k of the 511k while the West added 98k.  Both were down more than 12% month over month--more than enough to tank the national number.  Incidentally, the Midwest's 54k contribution was more than 20% lower while the Northeast improved 13.3% with a 17k unit annual pace. Put 'em together and whaddaya got? Ouch.   Notably, this is NEW home sales--not to be confused with Existing Home Sales, which compri
No Comments

Sorry, the comment form is closed at this time.