Posts Tagged housing news

Pending Home Sales Drop in August

The number of existing U.S. homes going under contract dropped in August, marking the fourth time in five months the figure has fallen. According to the National Association of Realtors (NAR), its pending home sales index, which tracks contract signings for purchases of previously owned homes, fell 1.8% from July to 104.2 in August. This is a more significant decline than some economists predicted.

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Existing-Home Sales Remain Steady in August

  The sales of existing homes in the U.S. held steady in August after four consecutive months of decline, according to the latest data released from the National Association of Realtors®. Regionally, existing-home sales were up in the Northeast and Midwest, essentially cancelling out declines in the West and the South. 

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New Home Sales Dip in June

luxurious modern home

Sales of newly built, single-family homes dropped 5.3 percent in June to a seasonally adjusted annual rate of 631,000 units after a downwardly revised May report, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. “Uncertainty caused by tariffs and the talk of trade wars are making home buyers more cautious, and builders are taking note of this situation,” said Randy Noel, chairman of the National Association of Home Builders (NAHB) and a custom home builder from LaPlace, La. “Not only are consumers and builders concerned about the current lumber

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