Sales of new homes dropped in July to a seasonally adjusted rate of 511,000, which was 29.6 percent below the levels seen in July 2021, according to data released Tuesday by the U.S. Census Bureau.
Source: Inman News
New home sales plummet 29.6% as homebuyers pull back with force
Published in census bureau, Housing and Urban Development, Markets & Economy and new home sales
More from census bureauMore posts in census bureau »
More from Housing and Urban DevelopmentMore posts in Housing and Urban Development »
More from Markets & EconomyMore posts in Markets & Economy »
- October brought the strongest buyer’s market in 12 years: Redfin
- Jason Oppenheim: Private listings could take real estate ‘back to the Dark Ages’
- Stop begging for deals: 9 real-world tips for negotiating concessions
- 5 reasons your plumber is quietly richer than you
- Fall has been ‘sneaky good’ for buyers, but the ‘warm-up is not guaranteed to last’
More from new home salesMore posts in new home sales »
- More homes sold. Lower rates. Lower inflation. Where Fannie Mae expects the market to move
- New-home sales spiked in August to highest rate since 2022
- The American homeownership dream is primed for a comeback
- New-home sales declined in July but beat analyst expectations
- 1st-time buyers say ‘yes’ to older starter homes due to higher costs
Be First to Comment