Tag: US New Home Inventory

USA

US New Home Sales Surprise Lower, Inventory Rises To Rarely Seen Level

July 24, 2024

US new home sales surprised market expectations this week, coming in much lower than expected. US Census Bureau data shows new home sales fell significantly lower than the consensus forecast for June. At the same time, inventory also climbed to a rarely-seen level, helping to push prices lower. US New Home Prices Have Fallen 9% […]

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 […]