New home sales fell below estimates in April as mortgage rates surged to above 7%, the Census Bureau reported on Thursday. … READ MORE >
U.S. new home sales
New home sales grew more slowly in January amid elevated mortgage rates
Sales of new homes grew 1.5% in January, much slower than the 7.2% increase in December, most likely because of elevated mortgage rates. … READ MORE >
Housing prices set a record as consumer confidence dips
Housing prices set a record in July, according to the S&P CoreLogic Index, rising by 0.87% on a seasonally adjusted basis. August’s new home sales, however, dropped by a sharp 8.7%. … READ MORE >
New home sales remain bright spot in housing, rising on strong supply
Sales of new homes increased by 4.4% in July to 714,000, according to Commerce Department data released on Wednesday. … READ MORE >