Tagged: New Home Sales

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.

Second-straight monthly increase brings annual sales rate to level not seen since March 2022

Increase attributed to seasonal patterns and lower mortgage rates.

For all of 2022, sales of new homes fell 16.4%.

MBA survey finds new home purchase activity — both for applications and estimated sales — ran more than 20% behind last year's pace.

Sales estimates for previous three months also revised downward, reflecting the rise in mortgage rates.

Sales increase nearly 29% from July, but the estimate may be inflated by lag in contract cancellations.