Both new home and existing-home sales improved with cooling mortgage rates in July despite record-high home prices. New home sales reversed a surprise downturn last month, according to data from the U.S. Census Bureau and the Department of Housing and Urban Development, which reported sales rising by 10.6% to a seasonally adjusted annual rate of…
New home sales slipped further last month, throwing off analyst expectations and hitting a 7-month low. That’s according to data from the U.S. Census Bureau and the Department of Housing and Urban Development, which reported sales ticking down by 0.6% to a seasonally adjusted annual rate of 617,000 in June, down from the month priors’…
New home sales tanked last month, falling to their slowest pace since November. That’s according to data from the U.S. Census Bureau and the Department of Housing and Urban Development, which reported sales plunging by 11.3% to a seasonally adjusted annual rate of 619,000 in May, down from the month priors’ revised rate of 698,000….
New home sales rebounded in March as an unexpected February downturn corrected. That’s according to data from the U.S. Census Bureau and the Department of Housing and Urban Development, which reported sales rising by 8.8% to a seasonally adjusted annual rate of 693,000, an increase from the month priors’ revised rate of 637,000. Sales were…
New home sales declined in February as existing sales surged, showing buyers still prefer affordable, older stock over new when it becomes available. That’s according to data from the U.S. Census Bureau and the Department of Housing and Urban Development, which reported sales down by 0.3% to a seasonally adjusted annual rate of 662,000, slipping…
New home sales improved YOY in January despite elevated rates and higher prices, though didn’t hit the mark on analysts’ expectations. That’s according to data from the U.S. Census Bureau and the Department of Housing and Urban Development, which reported sales up by 1.5% from December to a seasonally adjusted annual rate of 661,000, a…
New home sales spiked in December as cooling rates encouraged purchase-shy buyers to make the leap. That’s according to data from the U.S. Census Bureau and the Department of Housing and Urban Development, which reported sales up by 8% from October to a seasonally adjusted annual rate of 664,000, a jump from the month priors’…
Home construction slipped for the first time in four months in December, with single-family starts taking a hit. Residential home construction fell 4.3% last month to a 1.46 million annualized rate, according to data from the U.S. Census Bureau. They were up 7.6% from December 2022’s rate of 1.36 million, however. The dip comes on…
New home sales sank again in November despite cooling mortgage rates, according to data from the U.S. Census Bureau and the Department of Housing and Urban Development. Sales fell by 12.2% from October to a seasonally adjusted annual rate of 590,000, well below the rate of 685,000 units predicted by economists. This is the sharpest…
New home sales sank in October as mortgage rates priced potential buyers out of the market, according to newly released data from the U.S. Census Bureau and the Department of Housing and Urban Development. Sales fell by 5.6% from September to a seasonally adjusted annual rate of 679,000, below the rate of 730,000 units predicted…
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