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
New residential construction dipped in June, with building permits, housing starts and housing completions ticking down modestly, according to US Census Bureau data released Tuesday
Sales of newly built single‐family homes hit an adjusted annual rate of 708,000 in July, up 1% compared to the revised June rate of 701,000, according to the US Census Bureau
Thanks to high demand and low supply, sellers don't have to do much to their homes to attract buyers — and often don't. But that could change, real estate agents told Inman
New residential sales declined 19.4% from June 2020, according to the US Census Bureau's latest report on Monday.
Homeownership is one of the primary ways households in the United States build wealth
The decline follows a record month for new home sales, when they hit a 15-year high of more than 1 million in March, according to new data from the US Census Bureau
New residential construction increased 14.2% year over year in October, marking 6 consecutive months of annual gains, according to the US Census Bureau's latest report
New data from the Census Bureau indicates that the homeownership rate surged to its highest point since the third quarter of 2008, but a change in data collection methodology may have impacted the results