New home sales fall slightly in October

The number of new home sales in the U.S. fell slightly last month, but they remain almost 10% higher than they were this time last year, according to data released by the Commerce Department this week. In addition, the last two months in new home sales represent the highest monthly sales rate since October 2007,

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Affordability problems hit new home sales

New single-family home sales edged upwards slightly in August, but the rise wasn’t enough to impress economists or make up for the shortfall in existing home inventories.

Home construction grows in August but it could be short lived

There’s good news on the construction front as builders have been stepping up their efforts to build more homes and replenish inventory-starved markets.

New home construction is up, but economists say it’s not enough

There was a slight uptick in new home starts last month, but experts say the increase is still not nearly close enough to keep up with demand or help to keep a lid on growing house prices. According to the Commerce Department’s latest report out last week, total housing starts for single-family and multifamily homes

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New home sales decline for third successive month

New single-family home sales in the U.S. declined for the third successive month in February, due to big declines in the Midwest and West regions of the country.

New home sales surged in November

Newly constructed home sales saw strong gains in November, rising by 5.2 percent month over month to reach a seasonally adjusted annual rate of 592,000 units

US home ownership rate plunges to 20-year low

The U.S. home ownership rate posted declines across all four regions of the U.S. in the fourth quarter, plunging to its lowest level since the third quarter of 1994.

Median Price for New Homes Soars by 15%

Rising prices may be putting new homes out of reach of more buyers. The median price of a new home sold in the United States climbed 15 percent from a year earlier

Housing Starts Spark Positives for Mixed Bag Economic News

In market news, the Commerce Department’s news of Wednesday showed new housing starts up 2.3 percent in August, the fasted single family home growth rate in several years. However, the overall housing market is still a “mixed bag” of good news and slow economic recovery signs.

Builders Confident as New Home Permits Reach High Point

Following a brief surge at the beginning of the month, new housing starts fell in February by 1.1% according to the latest report from the Commerce Department released on Tuesday. But despite this setback, there are signs of optimism that a recovery is still on the cards, with the number of new home permits issued increasing by 5.1% – the best we have seen in over three years.

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