New-home sales illuminate the health of the market, and where it might be heading in the near-term. As agents grapple with tight inventory, they'll want to keep an eye on the data
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
The National Association of Home Builders and Wells Fargo Housing Market Index jumped 5 points to 83 in September, an all-time high for the index since the series began in 1985
Economists tell Inman that tariffs on imported lumber, aluminum and steel are driving up home prices