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
Privately owned housing starts increased 0.3% from revised February figures to a seasonally adjusted annual rate of 1.79M, according to US Census Bureau data released Tuesday
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
Privately owned housing starts dipped 0.7% in October while single-family housing starts dropped 3.9%, according to US Census Bureau residential construction data
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
Despite a decline in starts, which reflected curbed confidence in June amid mellowing lumber prices, experts said gains made in permit applications were a positive sign
The increase in housing starts is a welcome gift, but experts say builders aren't yet betting recent improvements in materials costs are here to stay for the long term
February's seasonally adjusted annual rate of 775,000 was down 18.2% from January's revised rate of 948,000
New-home sales jumped 4.3% on a monthly basis and 19.3% on an annual basis, according to data from the US Census Bureau and the Department of Housing and Urban Development
Sale prices are steadily climbing, but the trend may impede future buyers who may be priced out of the market