New home sales fell 13.7% in May, showing that the housing market is in a freeze. Redfin said this month that unsold inventory is at a record high.

New home sales, which are counted at the signing of a contract, are volatile on a month-to-month basis and subject to big revisions. They decreased 6.3% on a year-on-year basis in May.

Sales of new U.S. single-family homes fell 13.7% in May, marking the steepest decline in nearly three years, as high mortgage rates and economic uncertainty weakened demand. The inventory of ...

WASHINGTON (Reuters) -Sales of new U.S. single-family homes fell more than expected in May as high mortgage rates sapped demand, boosting the supply of unsold houses on the market.

New home sales plunged in May while housing supply surged to a three-year high, as rising prices, growing inventory, and the impact of President Donald Trump's tariffs deepened the US housing ...

New-home sales drop by most since 2022 on poor affordability Subscribers are entitled to 10 gift sharing articles each month. These can be shared with friends and family who are not subscribers.

No Tax on Tips' wasn't the only new tax write-off signed into law. However, the car loan tax deduction only applies to ...

A national increase in the inventory of homes for sale is most pronounced in Las Vegas, according to a report.

Brands and stores are rolling out Christmas promotions in summer and stockpiling inventory to blunt the impact of looming ...

The average rate on 30-year fixed home loans decreased to 6.67% for the week ending July 3, down from 6.77% last week.

WASHINGTON (Reuters) -Sales of new U.S. single-family homes fell by the most in nearly three years in May as high mortgage rates and rising economic uncertainty sapped demand, lifting the supply ...

US new homes sales fell in May by the most in almost three years as incentives fell short of alleviating affordability constraints. Sales of new single-family homes decreased 13.7% to a 623,000 ...