April 19, 2024 6:29 pm
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New-home sales surprise

New-home sales

New-home sales Daily Real Estate News

New-home sales rebounded last month, led by a strong upswing in the West. Sales of new, single-family homes nationwide ticked up 4.3 percent in November to a seasonally adjusted annual rate of 490,000 units, the Commerce Department reports, with home sales up 14 percent year-over-year.

“It is encouraging to see new-home sales continue to tick upward,” says Tom Woods, chairman of the National Association of Home Builders. “Builders are also increasing their inventory even as they face difficulties accessing lots and labor.”

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