Existing-home sales rose 1.7% from January to February
Initial jobless claims climbed last week to the highest level since Oct. 23, 2021, but investors and economists are expecting 3 small rate cuts this year rather than a dramatic move on Sept. 17
Sales of new single-family homes dropped 8.2% year over year to a seasonally adjusted annual rate of 652K, which still beat analysts' expectations of a rate of about 630K units
The slight monthly boost comes as builders continue to battle economic headwinds and cooled buyer demand. Housing starts and completions are not on track to meet national inventory needs
Trump announces new tariffs on dozens of countries beginning Aug. 7, fires BLS commissioner after revised jobs report shows dramatic slowdown in payroll growth in May and June
Existing-home sales declined by 2.7% from May 2025 but held steady compared to one year ago. Mortgage rates and high home prices continue to dissuade potential buyers
Homebuyers continued to respond to market headwinds like high mortgage rates and economic uncertainty and failed to be drawn in by builder sales incentives