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“Home sales momentum is building,” said NAR chief economist Lawrence Yun in a December statement. “More buyers have entered the market as the economy continues to add jobs, housing inventory ...
Data from the St. Louis Fed suggests that this had a severe impact on housing inventory: New home builds had been on the rise in 2005, peaking in January 2006 with more than 2,200 housing units ...
The absence of existing inventory, combined with new home pricing adjustments and incentives offered by builders, is the reason why new home sales have rebounded this year, as per Mezger.
DALLAS, , Nov. 21, 2024 (GLOBE NEWSWIRE) -- While Texas new home sales remained steady last month for the combined four largest markets in Texas, home sales were up 12% from a year ago, home price changes were mixed, and inventory continued to gradually increase on October, according to the newest monthly Texas New Home Sales Report released today by HomesUSA.com and its founder and CEO, Ben ...
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]
New home sales hit a six-month low in May as high mortgage rates continued to weigh on potential buyers. Sales of new single-family homes fell 11.3% from the previous month to a seasonally ...
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