New-home sales fall abruptly in February for first time in 3 months
Sales of newly built homes slipped a modest 0.3% between January and February to a seasonally adjusted annual rate of 662,000, according to data released Monday by the US Census Bureau
by Ben Verde Mar 25
Homebuyer mortgage demand down for 5th consecutive week
With mortgage rates hovering above 7%, requests for purchase loans were down by a seasonally adjusted 5% week over week and 2% lower than a year ago, MBA lender survey finds
by Matt Carter Feb 28
New-home sales off to a roaring start with record January bump
Loan applications for new-home purchases were up 19% from a year ago, according to a survey of builders by the Mortgage Bankers Association that's been an accurate predictor of trends
by Matt Carter Feb 16
Client pipelines tick back up as agents eye 2024 gains: Triple-I
More real estate agents believe their client shortfall has begun to stabilize, an indication of rising home demand in the new year, according to new results from the latest Inman Intel Index survey
by Chris LeBarton Jan 31
Falling mortgage rates should boost home sales: Fannie Mae
Fannie Mae economists no longer expect a recession in 2024 and are considerably more optimistic that mortgage rates have additional room to come down below 6%
by Matt Carter Jan 18
New-home sales fell in November, but brighter days may lie ahead
Sales of newly built single-family homes fell 12.2% between October and November to an annual rate of 590,000, but lower interest rates may bring relief
by Ben Verde Dec 22
New-home sales soar in September — but analysts see sales slowdown
New-home sales skyrocketed in September, soaring to a 20-month high, according to data issued Wednesday by the US Census Bureau and the Department of Housing and Urban Development
by Ben Verde Oct 25
August new-home sales plummet amid interest, affordability woes
Sales of newly built homes dropped 8.7% in August to a seasonally adjusted annual rate of 675,000
by Ben Verde Sep 26
Fueled by deals, new-home sales soar to highest level in 17 months
New-home sales rose 4.4% in July to an adjusted annual rate of 714,000 as the supply of existing homes continues to drop, according to data released Wednesday by the US Census Bureau
by Ben Verde Aug 23
New-home sales wilt in June but remain elevated amid low inventory
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
by Ben Verde Jul 26
Economy's strength could keep a damper on existing-home sales
Lack of inventory driven by mortgage lock-in effect may persist if Federal Reserve maintains 'higher-for-longer' rate strategy to combat inflation: Fannie Mae economists
by Matt Carter Jul 19
Compass CEO: Pandemic craze will return once mortgage rates hit 5%
Compass CEO Robert Reffkin revealed on CNBC how volatile mortgage rates are sidelining homesellers and why a boost in existing-home inventory could happen as early as December
by Marian McPherson Jun 29
New home sales jumped 20% in May, a 12.2% jump from April
Sales of newly built single-family homes were at a seasonally adjusted rate of 763,000 during May 2023 — 20% higher than the levels seen in May 2022, according to data from the US Census Bureau
by Ben Verde Jun 27
Builders are back on track. Here's what that means for real estate
It wasn't easy, but builders survived the market downturn without mass layoffs. And they've clawed their way back near normal sales levels
by Daniel Houston Jun 21
April buyers flock to new homes, hitting 13-month high
New data from the US Census Bureau shows a jump in new-home sales as existing-home inventory continues to be in short supply
by Ben Verde May 23