Sales of newly built single-family homes fell 17.6% in January, to a seasonally adjusted annual rate of 587,000 from a downwardly revised December reading, according to new data from the U.S. Department of Housing and Urban Development and the U.S. …
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New Home Sales Up, Existing Home Sales Down in August
A slight drop in mortgage rates led to a large jump in new home sales in August, but a decrease in existing home sales, according to an analysis from the National Association of Home Builders (NAHB). Sales of newly built single-family …
Read More »July Sees Decline in New Home Sales
Potential homebuyers continue to be deterred by high mortgage rates, rising construction costs and economic uncertainty, according to an analysis by the National Association of Home Builders (NAHB). Newly built single-family home sales dropped 0.6% in July, falling to 652,000 annually, …
Read More »New Home Sales Remain Flat in June Amidst Economic Uncertainty
Affordability challenges and economic uncertainty continue to influence the housing industry as many homebuyers held off on purchasing new homes in June, according to the National Association of Home Builders. Newly built single-family home sales rose slightly by 0.6% in …
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