New home sales rose 18.7% year-over-year in October, but median prices fell 8% as builders increased incentives.
New US residential construction declined in May to the slowest pace since the onset of the pandemic as an elevated inventory of homes for sale and high mortgage rates sapped the motivation to build.
Terry Lane is a writer for Investopedia with 25 years of experience in journalism and communications. He covers personal finance, Congress, government regulations, and economics. FREDERIC J. BROWN/AFP ...
New-home sales volumes mask a harsh truth: builders are cutting prices, raising incentives, and absorbing losses amidst ...
The building of new homes plummeted in March, government data showed on Tuesday, at a time when the housing market is struggling with supply, which has contributed to elevated home prices. Housing ...
US homebuilders pulled back on projects in April amid whipsaw tariff announcements and growing fears of economic stress, new data on Friday revealed. Single-family home starts dropped 12% in April ...
Realtor.com highlights areas where new construction is helping to ease affordability constraints. With the United States facing a housing shortfall estimated at nearly four million homes, new ...
The annual pace of new home construction pulled back last month after soaring in November, despite a historic shortage of housing inventory and falling mortgage rates. Housing starts came down by 4.3% ...