Tag Archives: new home sales

New home sales plummet 29.6% as homebuyers pull back with force

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Sales of new homes dropped in July to a seasonally adjusted rate of 511,000, which was 29.6 percent below the levels seen in July 2021, according to data released Tuesday by the U.S. Census Bureau. Continue reading →

Fannie Mae downgrades home sales expectations for 2022 and 2023

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Higher mortgage rates are now “housing market’s primary constraint,” economists at Fannie Mae said in a new forecast predicting home sales will fall 13.5 percent this year. Continue reading →

New home sales hit 2-year low, falling well short of expectations

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New home sales took a hit for the fourth-straight month in April as buyers grappled with the new reality of rising home prices and mortgage rates in excess of 5 percent, according to Census Bureau data. Continue reading →

New home sales hit 4-month low

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New home sales took an 8.6 percent hit in March as rising home prices and mortgage rates made homebuyers think twice before purchasing a new home, according to data released Tuesday from the U.S. Census Bureau Continue reading →

Existing-home sales drop for second month as buyer demand stalls

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Total existing-home sales dropped by 2.7% from February 2022 and by 4.5% from March 2021 to a seasonally adjusted annual rate of 5.77 million, according to the National Association of Realtors. Continue reading →

New home sales soar by double digits

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After increasing by a modest 0.4 percent in October, new home sales saw a 12.4 percent increase in November, according to the U.S. Census Bureau and Department of Housing and Urban Development. Continue reading →

Home sales — and prices — expected to decline over next 2 years

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For the first time, Fannie Mae is forecasting all the way out to 2023, when it expects the economy to enter “mature state of the business cycle,” with the risk of another recession moving into focus. Continue reading →