Tag Archives: new home sales

New residential sales drop nearly 14% in May, their sharpest in 3 years

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Homebuyers continued to respond to market headwinds like high mortgage rates and economic uncertainty and failed to be drawn in by builder sales incentives. Continue reading →

Housing starts plunge 10% in May to lowest level since 2020

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New residential construction made progress in completions but largely fell short on starts and permits, according to new data released Wednesday by the US Census Bureau and HUD. Continue reading →

New-home sales climb nearly 11%, but figures may be ‘overestimated’

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Sales of newly built single-family homes rose in April, pointing to continued buyer engagement during the spring homebuying season, the latest data from the U.S. Census Bureau and Department of Housing and Urban Development (HUD) suggests. New resident… Continue reading →

A ‘herky jerky’ start to the spring buyer season isn’t deterring agents

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Economic anxiety and rising mortgage rates curbed hopes of a robust spring, but economists tell Inman a strong new-home market offers a sliver of hope that the coming months will be better. Continue reading →

New-home sales beat expectations in March — by a long shot

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The surge in sales was a welcome positive sign during a tenuous period for the U.S. economy. However, high prices and high mortgage rates continue to curb homebuyers, new HUD data shows. Continue reading →

New-home sales rebound in February after winter weather bout

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Sales of new single-family homes hit a seasonally adjusted annual rate of 676,000 in February — an uptick of 5.1 percent — and roughly met economists’ expectations, according to data released Tuesday. Continue reading →

New-home sales plunge 10.5%, fall below expectations

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Sales of newly built single-family homes declined during January, falling well below consensus estimates, according to data released Wednesday by the U.S. Census Bureau and the Department of Housing and Urban Development. Continue reading →

Higharc’s AI seeks to pick up the pace of home construction

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Roughly a year after securing $53 million in a Series B round of funding, Higharc has delivered an AI upgrade to its homebuilding software. Continue reading →

Homebuilding industry relieved as dockworkers’ strike ends Friday

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International Longshoremen’s Association’s strike ended on Friday, removing worries that an extended strike would negatively impact new-home starts and sales. Continue reading →

New-home market a ‘bright spot’ as annual sales rise 9.8%

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New-home sales rose 9.8 percent year over year to a seasonally adjusted annual rate of 716,000 in August. However, an influx of existing-home inventory could pose a challenge to new-home sales into the fall. Continue reading →