New Construction News

New-home sales post surprise gain in October as median price hits new high 

New-home sales rose 7.5% month over month, while the median price of a new house surged to $493,000 from $455,700 in September and $427,300 a year ago, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.   

MBA: New-home mortgage applications fall in October 

The pace of new single-family home sales, meanwhile, fell 6.1% from September to 598,000. 

Housing starts slow in October but remain elevated 

The number of homes under construction rose during the month, as homebuilders continued to work through a large backlog of homes. 

New-home sales resume downward trajectory in September 

Mortgage rates continued to weigh on homebuyers in September, following a brief uptick in new-home sales in August.  

Housing starts miss expectations in September 

New home construction missed analyst estimates in September, falling 8.1% month over month to an annual rate 1,439,000 homes, according to government statistics. 

New-home sales post unexpected rebound in August 

Sales of new homes in the U.S. jumped 28.8% between July and August, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.  

Housing starts surprise to the upside in August 

New-home construction posted a 12.2% month-over-month increase in August, thanks in large part to a significant jump in multifamily building.  

New-home sales plunge 12.6% in July 

The median price of a new home sold during the month was up 5.9%, however, according to figures from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

June new-home sales drop 8.1% month over month

At the same time, the inventory of new homes for sale rose 10.7%, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.

Single-family housing starts fall for fourth month in a row in June 

The pace of new multifamily construction, however, jumped, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.  

Surprise surge in new-home sales in May as median price falls 

New-home inventory rose to 444,000 homes in May from 437,000 homes in April, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.  

Housing starts plunge in May amid uncertain economic conditions 

New-home completions rose during the month, however, with the increased inventory representing a rare bright spot in an otherwise gloomy government report. 

New residential sales fall in April as home prices, mortgage rates continue to climb 

The rate of new single-family home sales fell 16.6% from March’s revised number, while the median sales price jumped to $450,600 from March’s revised median house price of $435,000. 

$59 million new construction mansion on the market in Billionaire Bunker, where neighbors include Tom Brady and Ivanka Trump

The compound on the exclusive Indian Creek island is accepting Bitcoin as payment.

New-home sales fall again in March 

Low inventory and rising interest rates have reduced prospective homebuyer purchasing power. 

New-home sales fall again in February 

Affordability and supply-chain issues continued to weigh on the sales of new single-family residences.

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