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Sales of new U.S. single-family homes rebounded in March from February's downwardly revised level, drawing support from a persistent shortage of previously owned houses on the market, but momentum ...
Signed contracts to buy existing homes in the US unexpectedly dropped in March, the first decline since November 2022 as the lack of supply hampered sales activity during the spring buying season.
More homebuyers signed contracts to purchase homes in March, pushing pending sales to their highest clip in a year. ... of 0.6% in the median new home price to $426,100 this year, down from ...
Because new home sales trigger consumption, they have significant market impact upon release. New home sales also serve as a good indicator of economic turning points due to their consumer income sensitivity. Generally, when economic conditions slow down, new home sales serve as an early indicator of such a depression. [citation needed]
Sales of newly built single-family homes in the United States soared in March despite mortgage rates remaining elevated that month.
Existing home sales, which make up the majority of the housing market, fell 4.3% in March to a seasonally adjusted annual rate of 4.19 million, the National Association of Realtors reported Thursday.
New home sales jumped 10.6% to a seasonally adjusted annual rate of 739,000 units last month, the highest level since May 2023, the Commerce Department's Census Bureau said on Friday. Economists ...
The National Association of Realtors (NAR) said on Wednesday its Pending Home Sales Index, based on signed contracts, rose 7.4% last month to 75.8 - the highest since March - from 70.6 in August ...