New-Home Sales Post Surprise Surge in September
The Pro Builder
OCTOBER 26, 2023
New-Home Sales Post Surprise Surge in September ldeakins Thu, 10/26/2023 - 07:58 New-home sales are on the rise as builders adapt to a more cautious buyer pool New-home sales in the U.S. exceeded expectations in September, rising 12.3% to a seasonally adjusted annual rate of 759,000, according to HousingWire. Despite high mortgage rates, a drop in builder confidence, and declining mortgage applications, new-home sales surged by 33.9% year over year in September.
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