Latest New residential sales News

New homes sales rise for second straight month in August

Sep. 24, 2021 10:39 AM EDT

SILVER SPRING, Md. (AP) — Sales of new homes in the U.S. rose modestly in August as rising prices continue to sideline potential buyers. Sales of new homes last month rose 1.5%, the Commerce Department reported Friday, reaching a seasonally adjusted annual rate of...

Inflation forces homebuilders to take it slow, raise prices

Sep. 23, 2021 14:20 PM EDT

LOS ANGELES (AP) — Even in the hottest U.S. housing market in more than a decade, new home construction has turned into a frustratingly uncertain and costly proposition for many homebuilders. Rising costs and shortages of building materials and labor are rippling across...

This Week: Fed policy update, Nike earns, new home sales

Sep. 20, 2021 00:13 AM EDT

A look at some of the key business events and economic indicators upcoming this week: THE FED SPEAKS The Federal Reserve delivers an update on the economy and interest rate policy following a two-day meeting of policymakers Wednesday. ...

US home prices soar at record pace in June

Aug. 31, 2021 09:27 AM EDT

WASHINGTON (AP) — U.S. home prices jumped by a record amount in June as homebuyers competed for a limited supply of available houses, the latest evidence that the housing market remains red-hot. The S&P CoreLogic Case-Shiller 20-city home price index soared 19.1%...

July home sales up 1% as prices reach unprecedented levels

Aug. 24, 2021 11:10 AM EDT

WASHINGTON (AP) — Sales of new homes rose a modest 1% in July after a string of declines as new home prices soar to record levels. Sales last month reached a seasonally adjusted annual rate of 708,000, the Commerce Department reported Tuesday. Sales had fallen in April,...

Sales of new homes fall 6.6% in June

Jul. 26, 2021 15:55 PM EDT

WASHINGTON (AP) — Sales of new homes fell for a third straight month in June, dropping by 6.6% to the lowest level in more than a year. The June sales decline left sales at a seasonally adjusted annual rate of 676,000, the Commerce Department reported Monday. That...

High lumber prices affect Delaware home construction

Jul. 25, 2021 09:08 AM EDT

DOVER, Del. (AP) — The price of lumber in the United States skyrocketed in early May, when lumber cost as much as $1,700 per thousand board feet. However, Kolby Dukes, a manager at Dukes Lumber Co. in Laurel, is hopeful for decreased pricing in the fall and more...

Existing US home sales up in June; prices reach new heights

Jul. 22, 2021 11:11 AM EDT

Sales of previously occupied U.S. homes rose in June, snapping a four-month losing streak, while strong demand for higher-end properties and ultra-low mortgage rates helped push prices to new highs. Existing homes sales rose 1.4% last month from May to a...