New single-family home size had been falling since 2015 in response to declining affordability conditions. While an exception occurred in 2021 when new home size increased as interest rates reached historic lows, as mortgage interest rates increased in 2022 and …
Read More »Tag Archives: single family homes
New Home Sales Drop in May
Elevated mortgage rates, rising inflation and economic uncertainty kept many buyers out of the market in May as consumers and builders continue to deal with challenging affordability conditions, according to an analysis from the NAHB. Sales of newly built single-family …
Read More »Builder Confidence Remains Low in June
Builder confidence in the market for newly built single-family homes fell two points to 35 in June amid rising material costs, elevated mortgage rates and continued affordability challenges impacting the housing market, according to the National Association of Home Builders/Wells …
Read More »New Home Sales Jump 7.4% in March
Constrained supply of existing homes and modest improvement in mortgage rates pushed new home sales higher in March, according to the National Association of Home Builders. The U.S. Department of Housing and Urban Development and the U.S. Census Bureau reported …
Read More »January New Home Sales Drop Amid Weather and Affordability Concerns
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. …
Read More »Existing-Home Sales Rise in February
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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