The median sales price of a new home was down on a monthly basis but up on an annual one.
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Category: Odeta Kushi
NAR: Pending-home sales slide for sixth month in a row in November
Regionally, the pending-sales index fell 7.9% month over month in the Northeast, 6.6% in the Midwest, 2.3% in the South and 0.9% in the West.
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New-home construction slides in November as builders pull back
New-home permits fell 11.2% month over month, while housing completions jumped 10.8% in what one observer said could have “worrisome” long-term consequences for the nation’s housing supply.
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NAR: Pending-home sales slide for fifth consecutive month in October
October’s 4.6% monthly drop follows a 10.2% decline in September, the National Association of REALTORS® reported.
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New-home sales post surprise gain in October as median price hits new high
New-home sales rose 7.5% month over month, while the median price of a new house surged to $493,000 from $455,700 in September and $427,300 a year ago, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.
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Housing starts slow in October but remain elevated
The number of homes under construction rose during the month, as homebuilders continued to work through a large backlog of homes.
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NAR: High mortgage rates bring third monthly decline in pending-home sales
The National Association of REALTORS® expects existing-home sales to close 2022 15.2% lower compared to 2021, thanks to economic uncertainty and rising mortgage rates.
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New-home sales post unexpected rebound in August
Sales of new homes in the U.S. jumped 28.8% between July and August, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
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New-home sales plunge 12.6% in July
The median price of a new home sold during the month was up 5.9%, however, according to figures from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
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New-home construction falls 9.6% in July
The pace of housing starts for both single-family and multifamily residences was down on a month over month basis, the U.S. Department of Housing and Urban Development reported.
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