Tagged: New Home Sales

But January new home sales were still up 11% year-over-year

Fannie Mae lowered its 2025 originations forecast by 2.5%, and total home sales forecast by 2.25%, this week.

Consumer confidence is on the rise in November, however, particularly around labor conditions.

Yet, the 15.5% of canceled purchase contracts was the highest cancellation rate in a year, reflecting the razor-thin affordability margins.

High rates persist; could deter buyers

Pending home sales rose modestly in August by 0.6%

Roughly 40% of new builds are going to first-time homebuyers, but larger firms have more success reaching this group of buyers.

With single-family starts and permits rising in August, Fed rate cuts ease construction costs for builders, though competition from resale inventory also stands to increase

Builders optimistic for the first time since May, reports National Association of Home Builders

Applications remained unchanged from July, but estimated new home sales increased almost 15% over the month, said the MBA.