Tag Archives: new-home market

Buyers turn to the resale market as builders abandon price cuts

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Rising existing-home inventory is thwarting homebuilders, who are now slowing permits and starts — and backing off from hefty incentives. Continue reading →

Mortgage rate woes undercut June new home sales

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Despite ample inventory and more affordable prices, seasonally adjusted new residential sales dropped 6.6 percent annually. Experts attributed the drop to mortgage rates as the primary cause. Continue reading →

Housing starts decline in January as homebuilder uncertainty rises

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Multifamily housing starts fell 9.8 percent, reaching a seasonally adjusted rate of 1,366,000, while single-family housing starts fell 8.4 percent month over month, according to data released Wednesday. Continue reading →

Opendoor launches partnership with new-home platform BDX

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Opendoor is digging into the new-home market through a partnership with Builders Digital Experience, the owners of the new-home search platform NewHomeSource. Starting Thursday, homeowners can request an Opendoor Trade-In offer through a widget on NewH… Continue reading →