New-Home Sales Dip as Construction Faces Continued Affordability, Demand Challenges
Affordability and decreased buyer demand continue to put downward pressure on the housing construction industry, with new-home sales seeing a significant month-to-month dip in the latest data from the Census Bureau and the Department of Housing and Urban Development. The New Residential Sales report saw new-home sales fall 7.3% to a rate of 580,000 in…
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