Low inventory and rising interest rates have reduced prospective homebuyer purchasing power.
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Category: Kelly Mangold
New-home sales fall again in February
Affordability and supply-chain issues continued to weigh on the sales of new single-family residences.
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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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2021 ends with a bang in new-home sales
Builders started to make headway against supply-chain issues that have hampered construction of homes in the face of high demand.
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Housing starts rise in December on strong multifamily sector
While multifamily starts surged 13.7% compared to November, the pace of new single-family housing construction slid 2.3%, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
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New-home sales soar 12.4% in November
The median sales price of new homes hit a new high of $416,900.
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New-home construction ramps up in November as demand stays high
“November’s housing starts report signals strength for the housing market.” — 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.
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