News

U.S. New Home Sales Slump as High Mortgage Rates Persist
Sales of new homes sank in May amid continued concerns over high mortgage costs. Here are the main takeaways from the ...
New-home sales drop by most since 2022 on poor affordability
This spring and summer are shaping up to be very tough for the real estate market,” said one economist at Navy Federal Credit ...
New home sales plummet more than expected as high mortgage rates sink demand
The inventory of unsold homes on the market increased to 507,000 units, the highest level since late 2007, from 500,000 in ...
Professional Builder3d
New-Home Sales Fall in May
Weakened buyer demand has caused new-home sales to decline. In May, new-home sales fell by 6.3% year-over-year ...
New Home Market Cap Rises Despite Fewer Sales
Political Calculations' initial estimate of the total market capitalization of new homes sold in the United States ticked up ...
New Home Sales Slide 13% As Builders Warn That Buyers Are Vanishing Again
U.S. new home sales fell sharply in May as high rates and economic uncertainty reduced affordability, driving buyer sentiment and builder confidence lower.
LBM Journal3d
Challenging Affordability Conditions Put a Damper on New Home Sales
Elevated interest rates and economic uncertainty sent more home buyers to the sidelines in May as housing affordability ...
US New-Home Sales Drop by Most Since 2022 on Poor Affordability
US purchases of new homes fell in May to a seven-month low as rampant sales incentives fell short of alleviating ...
New-Home Sales Plunge in May, Led by a Major Slowdown in the South
Signed contracts for new single-family homes dropped 13.7% from April to a seasonally adjusted annual pace of 623,000.