Tag Archives: new home sales

New home sales beat expectations as prices climb to historic record

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Sales of new single-family homes notched a seasonally adjusted annual rate of 800,000 in September 2021, while the median sales price hit a new record of $408,800. Continue reading →

Home sales predicted to close out 2021 with surprising strength

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Fannie Mae economists now expect that when the final numbers are in, sales of new and existing homes will grow by 4.7 percent to 6.8 million. Continue reading →

New home sales see modest gains for second consecutive month

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Sales of newly built single-family homes hit a seasonally adjusted annual rate of 740,000 in August 2021, up 1.5 percent from the revised July rate, according to the U.S. Census Bureau. 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 →

Home sales will cool off for the rest of this year and next: Fannie Mae

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Projected growth in new home sales wouldn’t offset expected drop in existing home sales, according to Fannie Mae’s latest monthly forecast. Continue reading →

Why homebuyers aren’t taking advantage of drop in mortgage rates

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The historically low level of inventory for sale suggests that any rate-related increase in sales will be muted due to the inadequacy of listings needed to fulfill higher buyer demand. This softer sales response also suggests more upward pressure on pr… Continue reading →

If home prices don’t cool, watch for Fed tightening and rising mortgage rates

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Economists at Fannie Mae are again sounding warnings that rising rents and record home price appreciation could contribute to long-lasting inflation that leads to earlier, more aggressive tightening by the Federal Reserve. Continue reading →

New home sales fall to 1-year low

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New home sales are still up 9.2 percent year over year but have been falling since March, likely as a result of high home prices due to the rising cost of construction materials like lumber. Continue reading →

Fannie Mae has ‘meaningfully downgraded’ its forecast for 2021 home sales

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As listing shortages and supply constraints on homebuilders drive up prices, risk of inflation grows, economists with Fannie Mae said. Continue reading →