Tag: HUD

US New Home Sales Plummet, Inventory Rises To The Highest Level Since 2008

May 24, 2022

Higher mortgage rates are rapidly cooling American real estate prices. US Census Bureau data shows a very sharp moderation in new housing activity in April. Sales fell to the lowest level since the public health crisis, but inventory is the standout. The market hasn’t seen this much new housing inventory since 2008, falling into a […]

US New Home Sales Fell Nearly 5% Last Month, Previous Month Gets A Big Revision

May 25, 2021

New home sales are finally starting to slow down across the US, but they have a long way to go to get to typical levels. US Commerce Department data shows new home sales fell in April. The drop was also accompanied by a large revision for the previous month. It’s too soon to tell if […]