New-home sales rose 9.8 percent year over year to a seasonally adjusted annual rate of 716,000 in August. However, an influx of existing-home inventory could pose a challenge to new-home sales into the fall.
Source: Inman News
New-home market a ‘bright spot’ as annual sales rise 9.8%
Published in affordability, Department of Housing and Urban Development, Dr. Lisa Sturtevant, Markets & Economy, mortgage rates, new home sales, new single-family home sales, Odeta Kushi, Select and US Census Bureau
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