New residential sales declined 11.3% annually in April, as buyers wilted amid rising mortgage rates
Despite ample inventory and more affordable prices, seasonally adjusted new residential sales dropped 6.6% annually. Experts attributed the drop primarily to mortgage rates
Negative buyer and builder sentiment matched with growing economic uncertainty to stifle new construction in June, with single-family permits, starts and completions taking the biggest hit
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
Builders are navigating a complex mix of elevated costs, rising mortgage rates and waning consumer confidence, which is weighing heavily on the market
Housing starts fell 11.4% in March, a modest improvement from 2024, according to Census data released Thursday, with 1 economist describing the slump as 'well below consensus expectations'
Compared to December, new-home sales dropped 10.5% to a seasonally adjusted rate of 657K, according to US Census Bureau data
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
High mortgage rates, slower homebuyer activity and weakening homebuilder sentiments created the perfect storm in June, keeping new residential construction from posting annual gains
Sales of newly built, single-family homes rose 8.8% in March, a reflection of the beginning of a busy homebuyer season. New-home sales rose 8.3% year over year, according to the US Census Bureau
Housing starts rose to a seasonally adjusted annual rate of 1.52M in February — 10.7% higher than in January, according to data released Tuesday by the US Census Bureau
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
Sales of newly built single-family homes rose 1.1% in February while the average sale price climbed to just under $500K, according to data released Thursday by the US Census Bureau
Sales of newly built homes climbed 7.5% between September and October to a seasonally adjusted rate of 632,000, according to data released Wednesday from the United States Census Bureau
Monthly housing starts rose 12.2% in August to a seasonally adjusted rate of 1,575,000, according to US Census Bureau data released Tuesday. August 2022 levels fell 0.1% year over year