Tagged: U.S. Census Bureau

Demand increases based on existing homeowners staying put.

Decline a surprise following report of growth in builder confidence.

Sales of new single-family homes posts third straight monthly increase as builders broaden offerings.

Northeast saw a massive 171% spike in sales as buyers turn to newly constructed homes.

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

Backlog of homes being completed even as builder confidence continues to fall.

Multifamily units continued to be built at a better rate than single-family homes.

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.

Construction of new multifamily units rose nearly 29% in August from July; single-family starts rose 3.4%.