New Home Sales Slide
On the heels of earnings misses from DR Horton and PulteGroup, the US Commerce Department reported more disappointing news for the new home market. Sales for new single-family homes dropped 11.4% to 481,000 in March. Although the sector has struggled to find strong upward momentum, new single-family home sales are still up about 19% over the last year.
About author
You might also like
Are Inland Empire Residents Locked Out of the Housing Market?
By Kelsi Maree Borland Things are bad on the home front for California and the Inland area. New single-family home construction is far below demand, and while new-home prices in
Will 3% Mortgages Boost the Housing Market?
Fannie Mae and Freddie Mac, government-sponsored enterprises, detailed guidelines this week to buy loans from lenders made to borrowers at up to a 97% loan-to-value ratio. As a result of