Existing home sales rose 4.2% in February according to data from the National Association of Realtors (NAR). For both monthly and year-over-year (YoY) sales, two major U.S. regions experienced growth, one region remained stable and two others noted a decline. …
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New and Existing Housing Sales Drop in September
With rising mortgage rates approaching 7% and high construction costs, new home sales dropped by double digits in September. The National Association of Home Builders (NAHB) reported that sales of newly built, single-family homes fell 10.9% in September, according to …
Read More »Inflation Impacting Housing Affordability
In a recent e-newsletter, National Association of Home Builders (NAHB) chief economist Robert Dietz shared his insights on the current and future economy and provided housing market updates. The rising mortgage interest rates and stricter policies from the Federal Reserve …
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