New home sales up in August

Econ & Housing WASHINGTON — A brief decline in mortgage rates helped to boost new home sales in August but sales are expected to move on a downward trend in the months ahead as rates have since moved higher and builder sentiment continues to fall due to declining housing affordability and ongoing supply chain bottlenecks says the…

Thanks for reading The LBM Daily.
Join LBM Daily Premium or log in to continue reading.
Login Join Now

Articles You May Like

Stock market live news updates: Stock futures mixed ahead of holiday trading
Housing markets across the globe hit by rising rates
The stock market won’t see a sustained rally until the Fed starts cutting interest rates – and that won’t occur until these 3 things happen, according to JPMorgan
California’s economic double whammy: tech, housing losses mount
Mortgage demand rises 2.2% as interest rates decline slightly