US new-home sales drop 11.4% in April, most in 2 years

U.S. sales of new homes last month registered the biggest drop in more than two years.

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BING NEWS:
  • New home sales still growing from 2022 lows
    We have to remember the builders are growing sales because they live in a sub-6% mortgage rate world, not like the existing home marketplace.
    04/23/2024 - 10:27 am | View Link
  • New home sales rose 8.8% in March despite higher mortgage rates
    New home sales rose in March despite the housing market feeling the effects of higher mortgage rates, which have recently inched even higher.
    04/23/2024 - 9:51 am | View Link
  • U.S. New Home Sales Surge in March Despite Elevated Mortgage Rates, Outpacing Expectations
    According to government figures released Tuesday, new home sales, which account for about 14% of the U.S. home sales market, jumped 8.8% last month to a seasonally adjusted annual rate of 693,000, the ...
    04/23/2024 - 7:16 am | View Link
  • New-home sales post biggest jump since December 2022
    U.S. new-home sales rose 8.8% to an annual rate of 693,000 in March, from a revised 637,000 in the prior month, the Commerce Department reported Tuesday. The number is seasonally ...
    04/23/2024 - 3:44 am | View Link
  • Lowering interest rates boost home sales; builders pull more permits
    The Las Vegas area reported its best February for new home closings since 2007 as falling mortgage rates continue to boost buying and as a result builders are showing their confidence in the ...
    04/23/2024 - 3:43 am | View Link
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