February new-home purchase mortgage demand edges up

February new-home purchase mortgage demand edges up

MBA estimates new single-family home sales were running at a seasonally adjusted annual rate of 641,000 units in February, based on application data and assumptions about market coverage. That is down 3.3%... Read more »
2025 new-home sales inched up; concessions weakened prices

2025 new-home sales inched up; concessions weakened prices

A delayed December new-home sales release showed a slight increase in 2025 over a year earlier, but median new-home sales prices decreased, reflecting a challenging homebuilding market weighed down by cost reductions,... Read more »
Meritage holds its line as new-home demand turns inelastic

Meritage holds its line as new-home demand turns inelastic

There’s a version of this market where “buying sales” becomes the default operating system for nearly everyone. When that happens, the question stops being whether incentives rise. They do. The real question... Read more »
October new-home sales drop off a cliff

October new-home sales drop off a cliff

After a year of strong results, sales of newly built homes took a major step back last month. Data released Tuesday by the U.S. Census Bureau and the U.S. Department of Housing... Read more »

New-Home Prices Fall to Lowest Level in 3 Years as Builders Appeal To Buyers Amid High Mortgage Rates Keith Griffith

The price of newly built homes plunged last month as homebuilders sought ways to attract buyers who are feeling the pinch of higher mortgage rates. The median sales price of a newly... Read more »
Strong new-home sales reflect still-strong demand

Strong new-home sales reflect still-strong demand

New-home sales reached a seasonally adjusted annual rate of 661,000 in January, according to data published Monday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD). ... Read more »
New-home mortgage applications surged nearly 40% annually in October: MBA

New-home mortgage applications surged nearly 40% annually in October: MBA

Mortgage demand for new homes jumped in October as the inventory for existing homes remained depleted. Mortgage applications for new-home purchases rose 39.7% in October on a year-over-year basis and were up... Read more »