Reported 5 months ago
The article reports that new-home sales in the US declined by 4.7% in April due to high prices and mortgage rates, with the median sales price rising to $433,500. Despite an increase in available homes to 480,000, sales have largely stabilized over the past year, reflecting strong underlying demand constrained by affordability challenges. Homebuilders are offering pricing incentives, and the iShares US Home Construction ETF has seen a 41% gain. Sales declined in three of four regions but rose in the Midwest, signaling a mixed market.
Source: YAHOO