U.S. Census Bureau and Housing Department report a 33.9% year-over-year surge; median prices rise to $418,800.
Tagged: New Home Sales
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.
It was the 4th straight month with a year-over-year increase.
Sales of new single-family homes rose 4.1% in April from March, and are up nearly 12% YOY.
Northeast saw a massive 171% spike in sales as buyers turn to newly constructed homes.
MBA says low inventory continues to 'constrain sales.'
Supply of houses for sale fell for the fourth straight month.