The growth coincides with roughly a quarter of builders saying they cut prices last month.
Tagged: New Home Sales
The pace of new home sales in February is up 5.9% from a year earlier.
U.S. Census Bureau and HUD report shows incremental growth in single-family home sales.
An estimated 668,000 new homes were sold in 2023.
October 2023 sees a 5.6% decrease in new single-family home sales compared to September, yet records a robust 17.7% compared to October 2022.
U.S. Census Bureau and Housing Department report a 33.9% year-over-year surge; median prices rise to $418,800.
Despite a 12% monthly drop, year-on-year figures show a 14.9% increase; First-time homebuyers drive surge in FHA applications.
Builders offer increased incentives to attract buyers; First-time homeowners gravitate toward new builds as inventory constraints persist.
New single-family home sales defy housing market trends in July 2023.
Sales of new single-family homes posts third straight monthly increase as builders broaden offerings.