News Stream US New Home Sales Rise Less than Expected Sales of new single-family homes in the United States rose by 5.9% from the previous month to a seasonally adjusted annualized rate of 664,000 in November of 2024, above market expectations of 650,000. Sales increased in the South (13....
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Financial publications report on New Home Sales data and often provide interpretations of that data for readers following market news. For example, theWall Street Journalreported in July 2019 that purchases of single-family homes increased by 7% relative to the previous month, a good sign following...
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“New home prices typically fall when inventory is greater than about eight months’ sales,” Ian Shepherdson, chief economist at Pantheon, wrote in a commentary. Do you have a news tip for Investopedia reporters? Please email us at
In a typical housing market, there are six existing-home sales for every new home sale; in today’s market, though, there are 11 existing-home sales for every new home sale, showing how out of whack the market remains. Until that ratio balances out, housing will not truly recover, and...
New-home sales hint that U.S. boom has peaked
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“The local new housing market seemed to turn even tougher following seven months of subdued performance despite a comparatively cool summer, which should usually benefit property purchase,” said Huang Zhijian, chief analyst at Uwin. “As of Sunday, new home sales in August totaled just 442,60...