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US new home sales rebound; house price decline slowing

WASHINGTON (Reuters) -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 could be curbed by a resurgence in mortgage rates. New home sales jumped 8.8% to a seasonally adjusted annual rate of 693,000 units last month, the highest level since last September, the Commerce Department's Census Bureau said on Tuesday. The sales pace for February was revised down to 637,000 units from the previously reported 662,000 units.

United statesRubeela farooqiFreddie macLucia mutikaniChizu nomiyamaPaul simaoCommerce department census bureauFederal reserveFannie maeNational association of home buildersCommerce departmentCensus bureauHigh frequencyNational associationHome buildersMortgage rates

US new home sales rebound in December as mortgage rate retreat

Sales of new U.S. single-family homes increased strongly in December, boosted by declining mortgage rates and a persistent shortage of previously owned houses on the market. New home sales rebounded 8.0% to a seasonally adjusted annual rate of 664,000 units last month, the Commerce Department's Census Bureau said on Thursday. November's sales pace was revised higher to 615,000 units from the previously reported 590,000 units.

United statesChizu nomiyamaLucia mutikaniFreddie macNational association of realtorsCommerce department census bureauCommerce departmentCensus bureauNational associationMortgage ratesSeasonally adjusted annual rateSales paceCommerce departmentCensus bureau

Just 4 09 million existing homes were sold in 2023

With just 4.09 million existing homes sold, 2023 marks the slowest year for the housing market since 1995.

Lisa sturtevantLawrence yunNational association of realtorsNational associationMortgage ratesExisting home salesMedian sales priceSales paceHousing market

US new home sales accelerate in September

WASHINGTON (Reuters) -Sales of new U.S. single-family homes surged to a 19-month high in September as builders offered price discounts and other incentives to woo buyers, but mortgage rates approaching 8% could curb demand. The larger-than-expected increase in sales last month reported by the Commerce Department on Wednesday showed that the new housing market continued to be supported by a chronic shortage of previously owned houses. New home sales rebounded 12.3% to a seasonally adjusted annual rate of 759,000 units last month, the highest level since February 2022.

United statesChizu nomiyamaLucia mutikaniFreddie macCommerce departmentHousing marketMortgage ratesSales pacePrice discountsPrice discount

Earnings Snapshot: Pulte Posts Record Quarter, Despite Higher Rates

Earnings Snapshot: Pulte Posts Record Quarter, Despite Higher Rates
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