Mortgage rates continued to weigh on homebuyers in September, following a brief uptick in new-home sales in August.
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Surprise surge in new-home sales in May as median price falls
New-home inventory rose to 444,000 homes in May from 437,000 homes in April, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.
The post Surprise surge in new-home sales in May as median price falls appeared first on Atlanta Agent Magazine.
Surprise surge in new-home sales in May as median price falls
New-home inventory rose to 444,000 homes in May from 437,000 homes in April, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.
The post Surprise surge in new-home sales in May as median price falls appeared first on Atlanta Agent Magazine.
High prices, construction bottlenecks crimp new-home sales in January
“Builders are entering 2022 with backlogs that they are having a hard time completing due to material and labor shortages, and new-home prices are sitting near a historic high.” — First American Deputy Chief Economist Odeta Kushi
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New-home sales flat in October as median price hits new high
The seasonally adjusted estimate of new houses for sale at the end of September was 389,000, representing a supply of 6.3 months at the current sales rate, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.
The post New-home sales flat in October as median price hits new high appeared first on Atlanta Agent Magazine.