Category: Market Update

New Home Sales Are Worse Than What They Are Saying

New Home Sales Are Worse Than What They Are Saying

Sales of new single-family houses have been pushing new lows for months. At a seasonally adjusted annual rate of 632,000 houses, they were down 5.8% from the already low levels a year ago, and down 37% from two years ago. These sales are based on signed contracts between buyer and homebuilder, and they’re no indication […]