US New Home Sales Reach 3.5-Year High Amid Builder Incentives
TL;DR Summary
US new home sales surged by 20.5% in August to the fastest pace in three years, driven by builder discounts and falling mortgage rates, but overall housing market activity remains cautious due to affordability issues and market volatility.
Topics:top-news#business#housing-affordability#market-volatility#mortgage-rates#new-home-sales#us-housing-market
- New home sales in US jump to fastest pace in three years BBC
- New home sales soar 20% in August to a three-year high CNBC
- New-home sales spike to 3-year high as builders pile on discounts to sell homes MarketWatch
- New Home Sales Shake Off Home Builders’ Blues. Incentives Might Be Working. Barron's
- US new home sales jump to more than 3-1/2-year high; economists dismiss rise as a fluke Yahoo Finance
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