Tagged: New Home Sales

New-home sales from January through July rose 2.6% compared to the first seven months of 2023

Matching a summer decline in sentiment, builders continue to grapple with high construction and development costs

Low affordability causing buyers to hesitate has led more builders to cut prices so as to bolster sales

But, industry experts say sales data obscure still-strong demand for new construction.

FHA takes highest share of applications, as first-time home buyers enter market

New home sales drop 11.3% below April's revised rate

Only two months in past decade saw fewer home sales, Redfin reports

May's mortgage applications for new home purchases increased 13.8% from last year.

Census reports 4.7% decline in new home sales from March to April

The growth coincides with roughly a quarter of builders saying they cut prices last month.