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

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

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