Privately owned housing starts dropped 14.7% in March, the largest monthly decline since the onset of the COVID-19 pandemic in April 2020.
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U.S. new-home sales rose 1.5% to an annual rate of 661,000 in January, from a revised 651,000 in the prior month.
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Declining interest rates spurred the increase.
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U.S. new-home sales fell 12.2% to an annual rate of 590,000 in November, from a revised 672,000 in the prior month.
The post U.S. New-Homes Sales Plunge in November appeared first on Real Estate News & Insights | realtor.com®.
Aspiring homeowners put off by current mortgage rates can still find newly built homes that come with a 4% mortgage rate, one real-estate expert says.
The post Looking for a 4% Mortgage? Here’s Where Home Buyers Can Find One. appeared first on Real Estate News & Insights | realtor.com®.
New single-family home sales increased by 12.3% during September, the fastest pace since early 2022.
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The median price of a new home sold during the month fell to $418,800 from $433,100 in August, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.
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New-home sales fall 8.7% as buyers react to persistently high mortgage rates.
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Mortgage rates have surged to 20-year highs of more than 7%, and are poised to rise even further. But buyers of new homes aren’t necessarily feeling the pinch.
The post The 30-Year Mortgage Rate Has Surpassed 7%, but Some Buyers Are Only Paying 6%. Here’s How They Do It. appeared first on Real Estate News & Insights | realtor.com®.
U.S. new home sales rose 4.4% to an annual rate of 714,000 in July, from a revised 684,000 in the prior month, the Commerce Department reported Wednesday.
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