The decline follows a record month for new home sales, when they hit a 15-year high of more than 1 million in March, according to new data from the US Census Bureau
Lawrence Yun, chief economist for NAR, reports that the GDP is back to its pre-pandemic peak, consumers are ready to spend their stimulus checks and single-family housing starts are ramping up
The battle between supply and demand has hit the lumber industry hard, as mills struggle to keep up with demand and homebuilders push the costs to buyers
February's seasonally adjusted annual rate of 775,000 was down 18.2% from January's revised rate of 948,000
The seasonally adjusted annual rate of new single-family home sales in December clocked in at 842,000, 1.6% above the revised November rate of 829,000
The sales rate of new single-family homes dropped 11% from October to November
New listings of newly constructed homes decreased 4.1% year over year to a seasonally adjusted rate of 74,000 in August, according to a report on Friday from Redfin
Low-interest rates and a lack of existing homes pushed new-homes sales to a new high, according to the US Census Bureau and Department of Housing and Urban Development
New single-family home sales climbed 36.3% year over year, according to data released by the US Census Bureau and the Department of Housing and Urban Development
New, single-family home sales decreased by 4.4% to a seasonally adjusted annual rate of 765,000 from January to February
Housing starts won’t reach the historical average of 1M new units per month until at least 2022 or later, with the most pessimistic estimates stretching into 2029
Home sales are down 1.7% compared to a year ago
Economic changes, tariffs and international conflicts can put buyers on edge — here’s how to help sort it all out
Credit-challenged buyers with high-risk loans have flooded the market, driving up demand and home prices, according to the American Enterprise Institute
Sales of new homes in June fell to their lowest level since last fall but are at their highest supply since 2009