News

New-home sales plunge to a 7-month low as buyers struggle with high prices. Expect more weakness in the months ahead.
Sales of new homes plunged in May as buyers continued to stay away from the market, even as builders threw discounts and ...
New-home sales drop by most since 2022 on poor affordability
This spring and summer are shaping up to be very tough for the real estate market,” said one economist at Navy Federal Credit ...
U.S. New Home Sales Slump as High Mortgage Rates Persist
Sales of new homes fell 13.7% to 623,000 in May amid continued concerns over high mortgage costs.
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New-home sales crater, magnified by struggles in the South
New-home sales in May dropped 6.3% year over year and 13.7% compared to April, the largest monthly decline since May 2022.
US New-Home Sales Drop by Most Since 2022 on Poor Affordability
US purchases of new homes fell in May to a seven-month low as rampant sales incentives fell short of alleviating ...
New Home Sales Slump as Mortgage Rates Remain High
Sales of new homes sank in May amid continued concerns over high mortgage costs. Here are the main takeaways from the Commerce Department report released Wednesday: Sales of new single-family homes ...
Sales of new homes tanked in May, pushing supply up to a 3-year high
New home sales dropped much more than expected, as high prices, high mortgage rates and weak consumer confidence ate into ...
New Home Market Cap Rises Despite Fewer Sales
Political Calculations' initial estimate of the total market capitalization of new homes sold in the United States ticked up ...