Pending home sales rose 8.3% month over month, the National Association of REALTORS® said, marking the largest monthly jump since 2020.
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December new-home sales jump 8%
Declining interest rates spurred the increase.
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Housing starts rebound in September after August dip
Specifically, single-family homes were built at a seasonally adjusted annual rate of 963,000, up 3.2% from 933,000 in August and up 8.6% from 887,000 a year earlier, according to government figures.
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Housing starts post unexpected slide in June
The drop in the pace of new-home construction follows a significant surge the month before, according to government statistics.
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NAR: Limited supply keeps pending-home sales flat in April
Despite solid demand, a dearth of homes for sale kept transaction numbers muted in the association’s most recent report on pending sales.
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New-home sales rise for fifth month in a row
A shortage of existing inventory continues to drive buyers to new construction.
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Single-family starts rise in April
Single-family permits also posted a gain, indicating even more new homes are headed to today’s supply-constrained housing market.
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March brings rise in single-family construction
U.S. government data shows builders increased the pace of single-family home construction while slowing the pace of multifamily starts.
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New-home sales rise 1.1% in February as median-sales price surges
The supply of new homes for sale ticked lower from February, according to government figures.
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NAR: Pending-home sales jump in January
The 8.1% month-over-month increase in the National Association of REALTORS® Pending Home Sales Index was the largest gain since June 2020.
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