New residential construction made progress in completions but largely fell short on starts and permits, according to new data released Wednesday by the US Census Bureau and HUD
New residential sales increased 10.9% from March to a seasonally adjusted rate of 743K units. That's also a 3.3% boost over the April 2024 pace of 719K units
While Fannie Mae economists see mortgage rates coming down by a full percentage point, forecasters at the Mortgage Bankers Association have issued a more cautious take
Economic anxiety and rising mortgage rates curbed hopes of a robust spring, but economists tell Inman a strong new-home market offers a sliver of hope that the coming months will be better
The surge in sales was a welcome positive sign during a tenuous period for the US economy. However, high prices and high mortgage rates continue to curb homebuyers, new HUD data shows
Sales of new single-family homes hit a seasonally adjusted annual rate of 676K in February — an uptick of 5.1% — and roughly met economists' expectations, according to data released Tuesday
Early results from February's Intel Index survey show agents pulling back slightly from confidence they had in recent months about buyer and seller client pipelines improving in the next year
Compared to December, new-home sales dropped 10.5% to a seasonally adjusted rate of 657K, according to US Census Bureau data
'Homebuilders across the US waste weeks or months updating CAD files in decades-old software to get the critical things they need to run operations and sell their product to buyers': Higharc CEO
Fannie Mae economists say surprising strength of the US economy means home prices are likely to keep rising, and mortgage rates may not come down as quickly as previously expected
International Longshoremen’s Association's strike ended on Friday, removing worries that an extended strike would negatively impact new-home starts and sales
New-home sales rose 9.8% YOY to a seasonally adjusted annual rate of 716K in August. However, an influx of existing-home inventory could pose a challenge to new-home sales into the fall
As for-sale listings continue to surge, many would-be homebuyers are still having trouble finding properties that they can afford. Prices are already coming down in some markets
'The US housing market is stuck, and we are not convinced it will become unstuck anytime soon,' economists at Bank of America Global Research said of ongoing housing affordability issues
Newly built homes available on the market rose to 480K, representing a supply of 9.1 months at the current sales rate, up from an 8.5 month supply in March, according to US Census Bureau data