New-home sales drooped 2.5% from May to a seasonally adjusted rate of 697,000 — 23.8% higher than June 2022, according to data released Wednesday by the US Census Bureau
Sales of existing homes fell 5.9% to a seasonally adjusted rate of 4.43M — 28.4% lower than in October 2021, according to data released Friday by the National Association of Realtors
'Inventory remains tight and prices continue to rise nationally with nearly 40% of homes still commanding the full list price,' said NAR's Chief Economist Lawrence Yun
Builders kicked off construction on 129,400 new housing units in November — a half-percent increase on a month when starts typically decline, according to the US Census Bureau
Economists and housing experts share what could unfold for homeowners, renters and the economy now that the CDC's eviction and foreclosure moratorium is over
New residential sales declined 19.4% from June 2020, according to the US Census Bureau's latest report on Monday.
The decline follows a record month for new home sales, when they hit a 15-year high of more than 1 million in March, according to new data from the US Census Bureau
Residential housing starts rose 19.4 percent from February to March, according to a new report from the US Census Bureau
New homes authorized by permits were up 22.5% year over year in January, according to the latest report by the US Census Bureau
The seasonally adjusted annual rate of new single-family home sales in December clocked in at 842,000, 1.6% above the revised November rate of 829,000
The sales rate of new single-family homes dropped 11% from October to November
Low-interest rates and a lack of existing homes pushed new-homes sales to a new high, according to the US Census Bureau and Department of Housing and Urban Development
'Strong builder confidence and heavy buyer traffic point to further production gains in the near term,' said Chuck Fowke, chairman of the National Association of Home Builders
Sales of new single-family homes rose 13.8% year over year, according to data from the US Census Bureau and the Department of Housing and Urban Development Development
The average contract interest rate for 30-year, fixed-rate mortgages dropped to 3.45%, its lowest level since the Mortgage Bankers Association began its weekly survey