Industry News

New-home sales rebound

New-home sales rebound in June after two straight declines

Tom Oslund

The numbers: New-home sales rebounded in June, the first gain in three months, government data released Wednesday show. The annual sales pace for new single-family homes in the U.S. rose 7% last month to 646,000, led by a big gain in sales in the West, the Commerce Department said.

Economists polled by MarketWatch had expected a June sales rate of 657,000, compared with...

Single-Family Starts Increase in June

Tom Oslund

Single-family gains helped offset a drop in multifamily production as total housing starts edged 0.9% lower in June to a seasonally adjusted annual rate of 1.25 million units, according to a report from the U.S. Housing and Urban Development and Commerce Department.

The June reading of 1.25 million starts is the number of housing units builders would begin if they kept this pace for the...

Existing Home Sales and Inventory Bouncing Back - Prices Too

Existing Home Sales and Inventory Bouncing Back - Prices Too

Tom Oslund

Existing home sales broke out of a two-month slump in May, rising by 2.5 percent compared to April and beating, by a considerable margin, analysts' consensus expectations.  The National Association of Realtors® said sales of single-family homes, townhomes, condominiums, and co-ops were at a seasonally adjusted annual rate of 5.34 million units compared to 5.19 million the previous month.  The...

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