New Home Sales Flattened Out in June

US new home sales below expectations in June; housing supply rises - Overpasses For America

Latest WASHINGTON (Reuters) -Sales of new U.S. single-family homes increased less than expected in June amid higher mortgage rates, pushing inventory to

US New-Home Sales Increased by Less Than Forecast in June

Sales of new homes in the US remained weak in June as builders’ heavier use of sales incentives failed to motivate buyers put off by high costs.

New home sales flattened out in June

High mortgage rates and price levels are throttling purchasing power

New Home Sales See Slight Rebound, But Housing Market in a Funk | Corp! Magazine

New home sales likely rebounded slightly in June from depressed levels in May, while existing home sales likely fell. The housing market is in a funk, held back by high mortgage rates, bad affordability, and rising homeowners’ insurance premiums. Home listings are above late 2010s levels in the Sunbelt metros that boomed post-pandemic, but still […]

US new-home sales remain tepid on affordability constraints

Sales of new homes in the US remained weak in June as builders’ heavier use of sales incentives failed to motivate buyers put off by high costs.

Burst of builder incentives fails to spur a turnaround in US new home sales

New home sales in the U.S. remained sluggish in June despite builders offering aggressive incentives to counter high prices and borrowing costs, Bloomberg reports.  Sales ticked up just 0.6% to an annualized pace of 627,000—missing economists’ expectations. Nearly 40% of builders reported cutting prices last month, and that figure rose to a record in July.  While median new-home prices dipped nearly 3% year over year, they’re still over 23% high…