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Tag: US New Home Sales

US

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 […]

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USA

US New Home Sales Plummet, Inventory Surges, and Prices Give Back Some Gains

July 26, 2021

US housing is all of a sudden cooling very quickly. US Census data shows single-family home sales fell for a third consecutive month in June. The decline in sales helped to push new housing inventory to pre-pandemic levels. Prices are still elevated, but they did give back a significant amount of gains last month. US […]

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Canada

Lumber Prices Have Crashed Over 45%, Dropping A Point Per Day On Average

June 21, 2021

Weak home sales and generally slowing demand have sent lumber prices into a tailspin. The price for the commodity shed another 7 points over the past 7 days. Lumber is now trading at almost half the cost it was 45 days ago, at the record high. Even with that kind of haircut, experts see prices […]

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US

US New Home Prices Jump $38,200 In A Month, Fastest Annual Growth Since 1988

May 27, 2021

US new home prices are growing at the fastest rate in well over a generation. US Commerce Department data shows the median price of a new single-family home nearly reached the all-time high in April. The real story is the rate of annual price growth though, which hasn’t advanced this quickly in over 30 years. […]

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US

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 […]

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