Sales of new homes dropped in July to a seasonally adjusted rate of 511,000, which was 29.6% below the levels seen in July 2021, according to data released Tuesday by the US Census Bureau
Sales of new homes in June were at a seasonally adjusted rate of 590,000, 8% below the May rate of 642,000, and 17.4% lower than in June 2021, according to new data from the US Census Bureau
Sales of newly built homes shot up 10.7% from April to May, with 696,000 new homes sold over the course of the month, according to data released Friday by the US Census Bureau
Housing starts clocked in at a seasonally adjusted rate of 1,549,000, a 14.4% decline from revised April levels, according to the US Census Bureau and Dept. of Housing and Urban Development
The slowdown in construction activity comes as the average for a 30-year loan rose to 5.3% last week, up from 2.49% a year ago, according to new data released by the US Census Bureau
American homebuilders tallied 1,769,000 new housing starts in February 2022, a 6.8% uptick from January, according to data released Thursday by the US Census Bureau
Opinion
Just this month, the U.S. Census Bureau announced it would ask respondents their sexual orientation and gender identity when conducting its Household Pulse Survey. Here's what the latest report revealed
Housing starts are up 11.1% over November 2018 while permits increased by 13.6%
Building permits, housing starts and completions all rose
The median sales price of all new homes sold in September was $299,400, according to the US Census Bureau
The number of new homes sold in May dropped 3.7% below last year's level and fell 7.8% from April
Permit activity picks up, especially in the singe-family sector
The average sales price was $377,200 while the median sales price was $320,000, according to the Census Bureau and the HUD
The news, while positive, comes as homebuyers continue to face rising mortgage rates and soaring home prices
In face of historic inventory shortage, privately-owned housing starts jumped 9.2% month-over-month and 9.4% year-over-year