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Articles Recently Tagged: New Home Sales

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Pace of New Home Sales Ticks Up but Still Down

Pace of New Home Sales Ticks Up but Still Down

Having dropped in September, the seasonally adjusted pace of new single-family home sales in the U.S. ticked up 7.5 percent in October to an annualized rate of 632,000 sales, which was only 5.8 percent lower than at the same time last year but nearly 35 percent below the pace... Read More »

New Home Demand Drops, Average Loan Size Down as Well

New Home Demand Drops, Average Loan Size Down as Well

While the number of new homes on the market across the nation has surpassed a 14-year high, with over 23 percent more inventory than at the same time last year, the number of mortgage loan applications for new homes in the U.S. dropped 13 percent in October and was... Read More »

Pace of New Home Sales Drops Despite Inventory Gains

Pace of New Home Sales Drops Despite Inventory Gains

Having bounced in August, the seasonally adjusted pace of new single-family home sales in the U.S. dropped 10.9 percent in September to an annualized rate of 603,000 sales, which is 17.6 percent lower than at the same time last year; 37.9 percent below the pace of sales in September... Read More »

Existing Home Sales and Median Price Drop

Existing Home Sales and Median Price Drop

Having slipped in August, the seasonally adjusted pace of existing-home sales across the U.S. ticked down another 1.5 percent in September to an annual rate of 4.71 million sales, which was 23.8 percent lower than at the same time last year; well below the pre-pandemic pace of sales; and... Read More »

New Home Demand Drops Despite Rise in Supply

New Home Demand Drops Despite Rise in Supply

While the seasonally adjusted pace of new single-family home sales in the U.S. rebounded in August to an annualized pace that was effectively even with the same time last year, but still below pre-pandemic levels, the number of mortgage loan applications for new homes in the U.S. dropped 7... Read More »

Pace of New Home Sales Rebounds with Lower Prices

Pace of New Home Sales Rebounds with Lower Prices

Having dropped a downwardly revised 8.6 percent in July, the seasonally adjusted pace of new single-family home sales in the U.S. jumped 28.8 percent in August to an annualized rate of 685,000 sales, which is effectively even with the pace of sales at the same time last year but... Read More »

Existing Home Sales Down 20 Percent, Median Price Drops

Existing Home Sales Down 20 Percent, Median Price Drops

Having dropped 5.9 percent in July, the seasonally adjusted pace of existing-home sales across the U.S. slipped 0.4 percent in August to an annual rate of 4.80 million sales, which was 19.9 percent lower than at the same time last year; the thirteenth straight month with a year-over-year decline;... Read More »

Benchmark Mortgage Rate Surges Back Over 5.5 Percent

Benchmark Mortgage Rate Surges Back Over 5.5 Percent

Having dropped under 5 percent for the first time in four months three weeks ago, the average rate for a benchmark 30-year mortgage has since surged 56 basis points (0.56 percentage points) to 5.55 percent, including a 42 basis point jump over the past week alone. At 5.55 percent,... Read More »

Pace of New Home Sales in the U.S. Has Tanked

Pace of New Home Sales in the U.S. Has Tanked

Having dropped a downwardly revised 7.3 percent in June, the seasonally adjusted pace of new single-family home sales in the U.S. fell another 12.6 percent in July to an annualized rate of 511,000 sales, which is 29.6 percent lower than at the same time last year and the slowest... Read More »

Decline in U.S. Home Sales Is Accelerating, Median Price Drops

Decline in U.S. Home Sales Is Accelerating, Median Price Drops

Having dropped 5.4 percent in June, the seasonally adjusted pace of existing-home sales across the U.S. dropped another 5.9 percent in July to an annual rate of 4.81 million sales, representing the twelfth straight month with a year-over-year decline in sales; the largest year-over-year decline in sales (20.2 percent)... Read More »