High Mortgage Rates Hurt New Home Sales In August

Econ & Housing

New single-family home sales fell in August as the average mortgage rate topped 7%, according to a new report by the National Association of Home Builders (NAHB).Sales of newly built, single-family homes in August declined 8.7% to a 675,000 seasonally adjusted annual rate from an upwardly revised July reading, according to the report, which is…

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

Products You May Like

Articles You May Like

Dow futures rise as benchmark nears new 2023 high: Live updates
Lumber CFTC COT #’s as of 11/28….Combined futures & options
Rottne Industri to cut 24 jobs
US stocks trade mixed after fresh inflation data while indexes eye big monthly gains
Declines for AD&C Lending | Eye On Housing