Monthly, Yearly Jump In New Home Sales In March
The growth coincides with roughly a quarter of builders saying they cut prices last month.
The growth coincides with roughly a quarter of builders saying they cut prices last month.
Newly-built homes reached their smallest median size in 13 years, NAHB reports.
Decline in single- and multifamily home construction helped offset increase in public construction.
Construction of single-family homes decreased 3.1% in June from May.
Overall residential construction, however, ticked up 0.2% in May from April, and was 18.7% above the estimate for May 2021.