Sales of new homes dropped in July to a seasonally adjusted rate of 511,000, which was 29.6% below the levels seen in July 2021, according to data released Tuesday by the US Census Bureau
Sales of new homes in June were at a seasonally adjusted rate of 590,000, 8% below the May rate of 642,000, and 17.4% lower than in June 2021, according to new data from the US Census Bureau
Higher mortgage rates are now 'housing market's primary constraint,' economists at Fannie Mae said in a new forecast predicting home sales will fall 13.5% this year
New home sales took a hit for the fourth-straight month in April as buyers grappled with the new reality of rising home prices and mortgage rates in excess of 5%, according to Census Bureau data
New home sales took an 8.6% hit in March as rising home prices and mortgage rates made homebuyers think twice before purchasing a new home, according to new data released Tuesday
Total existing-home sales dropped by 2.7% from February 2022 and by 4.5% from March 2021 to a seasonally adjusted annual rate of 5.77 million, according to the National Association of Realtors
Sales of new houses in December 2021 were at an annual adjusted rate of 811,000, according to data from the US Census Bureau
After increasing by a modest 0.4% in October, new home sales saw a 12.4% increase in November, according to the US Census Bureau and Department of Housing and Urban Development
New home sales in October 2021 increased by a modest 0.4% to a seasonally adjusted annual rate of 745,000, following a furious September in which new home sales grew by double digits
For the first time, Fannie Mae is forecasting all the way out to 2023, when it expects the economy to enter 'mature state of the business cycle,' with the risk of another recession moving into focus
Sales of new single-family homes notched a seasonally adjusted annual rate of 800,000 in September 2021, while the median sales price hit a new record of $408,800
Fannie Mae economists now expect that when the final numbers are in, sales of new and existing homes will grow by 4.7%, to 6.8M
Sales of newly built single-family homes hit a seasonally adjusted annual rate of 740,000 in August 2021, up 1.5% from the revised July rate, according to the US Census Bureau
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Projected growth in new home sales wouldn't offset expected drop in existing home sales