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Sales of newly built homes remained slow in June, sending inventory higher and relieving pressure on prices. Signed contracts for new single-family homes were at a seasonally adjusted annual rate of 627,000 last month, up 0.6% from May but down 6.6% from a year earlier, the U.S. Census Bureau reported Thursday. The median sales price of new…

The good news is that new-home sales in June ticked up slightly compared to May. The bad news is they’re still running at a significantly lower pace than a year ago. According to the monthly report released Thursday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD), new-home sales…

Sales of newly built homes remained slow in June, sending inventory higher and relieving pressure on prices. Signed contracts for new single-family homes were at a seasonally adjusted annual rate of 627,000 last month, up 0.6% from May but down 6.6% from a year earlier, the U.S. Census Bureau reported Thursday. The median sales price of new…

By Scott Carpenter, Bloomberg Home-building companies now commonly reduce borrowers’ mortgage rates on new homes by kicking in some of the financing, but one byproduct of those efforts is that they’ve kept home prices elevated, according to a report by Morgan Stanley. Homes tied to Ginnie Mae mortgages could be around 12% cheaper if builders…

The good news is that new-home sales in June ticked up slightly compared to May. The bad news is they’re still running at a significantly lower pace than a year ago. According to the monthly report released Thursday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD), new-home sales…

Sales of newly built homes remained slow in June, sending inventory higher and relieving pressure on prices. Signed contracts for new single-family homes were at a seasonally adjusted annual rate of 627,000 last month, up 0.6% from May but down 6.6% from a year earlier, the U.S. Census Bureau reported Thursday. The median sales price of new…

The good news is that new-home sales in June ticked up slightly compared to May. The bad news is they’re still running at a significantly lower pace than a year ago. According to the monthly report released Thursday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD), new-home sales…

Sales of newly built homes remained slow in June, sending inventory higher and relieving pressure on prices. Signed contracts for new single-family homes were at a seasonally adjusted annual rate of 627,000 last month, up 0.6% from May but down 6.6% from a year earlier, the U.S. Census Bureau reported Thursday. The median sales price of new…

Indian equity benchmark indices, Nifty50 and BSE Sensex, opened in red on Friday. While Nifty50 went below 25,000, BSE Sensex was

By Scott Carpenter, Bloomberg Home-building companies now commonly reduce borrowers’ mortgage rates on new homes by kicking in some of the financing, but one byproduct of those efforts is that they’ve kept home prices elevated, according to a report by Morgan Stanley. Homes tied to Ginnie Mae mortgages could be around 12% cheaper if builders…