New-home sales in the United States rose last month even though home prices increased during this period, with easing mortgage rates possibly boosting buying activity. Sales of new single-family homes in March 2023 rose by 9.6 percent to 683,000 from 623,000 in February, according to an April 25 press release (pdf) by the U.S. Census…
New-Home Sales ‘Unexpectedly Rise’ in March to Highest Level in a Year
April 25, 2023
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New Home Sales Fall as Mortgage Rates Rise, Eroding Demand
October 27, 2022
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Business & Marketseconomyinflationlack of affordabilityMarketsnew home salesreal estaterecessionrising mortgage ratesU.S. home pricesUSUS Real Estate
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The purchase of new homes fell last month as mortgage rates surged and sapped demand, the latest data from the U.S. Census Bureau show. “Sales of new single-family houses in September 2022 were at a seasonally adjusted annual rate of 603,000 … This is 10.9 percent below the revised August rate of 677,000 and is…
Houses for Sale Are Staying on the Market Longer as Bidding Wars Fizzle, Demand Sinks
July 25, 2022
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Houses in the United States are taking longer to sell as bidding wars have decreased and demand has dipped, according to real estate brokerage firm Redfin. For the four weeks ending July 17, the typical home was on the market for 19 days before being sold, one day more than the same period in 2021,…
Sales of New Homes Sink Over 16 Percent as High Prices, Rising Mortgage Rates Weigh on Buyers
New home sales in the United States fell over 16 percent from March to April, well below analysts’ forecasts as rising mortgage rates and high prices discouraged buyers from taking the plunge. New home sales tumbled 16.6 percent to a seasonally adjusted annual rate of 591,000 units last month, the lowest level since April 2020,…
New Single Family Home Sales Fall in March, Mortgage Rates Rise: Census Bureau and Housing Department
April 27, 2022
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Business & Economyeconomymortgage ratesnew home salesreal estatesupply chain disruptionUSUS NewsUS Real Estate
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Sales of new single-family houses dropped to the lowest level in four months in March 2022 amidst a rise in mortgage rates, according to the latest data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. “Sales of new single‐family houses in March 2022 were at a seasonally adjusted annual…
Mortgage Refinance Applications Dip 62 Percent as Rates Rise at Faster-Than-Expected Pace
Mortgage refinance demand dropped for the week ending April 8 according to the Mortgage Bankers Association (MBA), while it also expects refinance originations to drop by double digits in 2022. MBA’s Refinance Index slipped 62 percent for the week when compared to the same week a year back. The index was lower by 5 percent…
Sales for New Homes Underperform in New Report by Census Bureau
Sales numbers for new homes in November have shown a fall of about 14 percent compared to the previous year. The rising prices are attributed to low inventories of existing homes, a shortage of building materials, and persistent supply chain disruptions. Although the sales for new homes have risen 12.4 percent from October, it is…
US New Homes Sales Rise 0.4 Percent in October as Prices Climb
WASHINGTON—U.S. sales of new homes edged up 0.4 percent last month, coming in below expectations as housing prices continued to climb. The Commerce Department reported Wednesday that sales of new single-family homes rose to a seasonally adjusted annual rate of 745,000 last month from 742,000 in September. Economists had expected October’s new home sales to…
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