Tagged: U.S. Department of Commerce; Census
New-Home Sales In July Fell To Slowest Pace In 6 Years
Sales fell 12.6% from June, but are down nearly 30% YOY as affordability continues to shrink.
Construction Spending Dips 0.1% In May, 1st Decline In 8 Months
Overall residential construction, however, ticked up 0.2% in May from April, and was 18.7% above the estimate for May 2021.
New-Home Sales Continue To Slide In April
Rising mortgage rates & home prices reducing affordability, even as supply grows.