Newly built homes available on the market rose to 480,000, representing a supply of 9.1 months at the current sales rate, up from an 8.5 month supply in March, according to U.S. Census Bureau data. At Inman Connect Las Vegas, July 30-Aug. 1 2024, the noise and misinformation will be banished, all your big questions will [...]read moreUS Inventory Rises To Highest Level Since 2022 As New-Home Sales Fall
New-home sales cooled in April as the supply of existing homes increased and demand was hampered by high mortgage rates. New-home sales reached a seasonally adjusted annual rate of 634,000 in April, according to data published Thursday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD). This figure represents [...]read moreNew-home sales stumble as existing inventory increases
Sales of newly built, single-family homes rose 8.8 percent in March, a reflection of the beginning of a busy homebuyer season. New-home sales rose 8.3 percent year over year, according to the U.S. Census Bureau. At Inman Connect Las Vegas, July 30-Aug. 1 2024, the noise and misinformation will be banished, all your big questions will [...]read moreNew-Home Sales Enjoy Big Spring Rally After Signs Of Wear In February
Mortgage applications for new homes stalled in March as buyers felt the brunt of sustained home price growth. Compared to February 2024, mortgage applications for new-home purchases rose 1% in March. Applications were up 6.2% from March 2023, according to the Mortgage Bankers Association’s (MBA) Builder Application Survey. According to MBA estimates, new single-family home [...]read moreDemand stalled in March for new-home purchases: MBA
New construction of residential homes receded in March, and multifamily housing starts also declined. Homebuilder confidence also dwindled in April due to elevated mortgage rates, coupled with a stronger-than-expected inflation reading. Privately owned housing starts fell to a seasonally adjusted annual rate of 1.321 million units, down 14.7% month over month and down 4.3% year [...]read moreThe new-home market is losing momentum
Sales of newly built homes slipped a modest 0.3 percent between January and February to a seasonally adjusted annual rate of 662,000, according to data released Monday by the U.S. Census Bureau. Join the movement at Inman Connect Las Vegas, July 30 – August 1! Seize the moment to take charge of the next era [...]read moreNew-Home Sales Fall Abruptly In February For First Time In 3 Months