New home sales improve for third straight month

Econ & Housing

Existing-home inventory remained near record lows at 980,000 units in February, according to data from the National Association of Realtors. Similarly, new single-family home inventory stood at 8.2 months’ supply, down for the fifth straight month in February. “Builders continue to face challenges in terms of higher interest rates, elevated construction costs and access to…

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