Home buyers moved off the sidelines in September following the Federal Reserve’s recent move to cut interest rates for the first time in four years.
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Existing Home Sales Down Again Amid Limited Inventory
Existing home sales in June fell to the lowest level since January as limited inventory and fluctuating mortgage rates continued to weigh on homebuyers, according to the National Association of Realtors (NAR).
Read MoreNew Home Sales Tumble
New home sales in June fell to the lowest level since April 2020, reflecting declining builder sentiment as construction bottlenecks continue to slow new home building and raise housing costs.
Read MoreNew Home Sales Increase in December
Driven by strong buyer demand and the expectation of higher mortgage rates, new home sales ended the year on a strong note, reaching their highest level since March 2021.
Read MoreNew Home Sales Flat in October
Contracts for new, single-family home sales were flat at a 745,000 seasonally adjusted annual rate in October, according to estimates from a joint release by the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau. However, the flat reading was due to a significant downward revision for the September pace (revised from an 800,000 rate to 742,000).
Read MoreNew Home Sales Fall
Sales of newly built, single-family homes fell 15.4% to a seasonally adjusted annual rate of 627,000 units in March, coming off a downward revision in February, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The March rate is 9.5% lower than the March 2019 pace.
Read MoreNew Home Sales Fall in February
Sales of newly built, single-family homes fell 4.4% to a seasonally adjusted annual rate of 765,000 units in February, coming off a sharp upward revision in January, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The February rate is 14.3% higher than the February 2019 pace, and January and February readings mark the highest monthly sales paces since July 2007.
Read More2019 New Home Sales Up 10% Over 2018
Sales of newly built, single-family homes declined 0.4% to a seasonally adjusted annual rate of 694,000 units in December, coming off a downward revision in November, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The monthly number is 23% higher than the December 2018 pace. An estimated 681,000 new homes were sold in 2019, 10.3% higher than…
Read MoreNew Home Sales Trend Higher in November
Sales of newly built, single-family homes increased 1.3% to a seasonally adjusted annual rate of 719,000 units in November, off a downwardly revised October reading, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. In a sign that new home sales are on an upward path, this is the fourth consecutive month that sales topped…
Read MoreNew Home Sales Post Strong Pace in October
Sales of newly built, single-family homes decreased 0.7% to a seasonally adjusted annual rate of 733,000 units in October, off strong upward revisions to the September reading, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
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