New home prices tumble in September

Median prices for newly built homes dropped significantly last month, but not because builders are offering any special discounts or deals. Rather, the drop came due to a greater mix of price points builders are now selling at, CNBC reported. The median price of a new home was $299,400 in September, down 8% from the

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New home sales growth held back by tight inventory supply

Sales of new homes increased by 0.8 percent in June, but experts say they would have been much higher if only buyers had more options to choose from.

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