Market for newly built homes slows as elevated mortgage rates put off many home shoppers

FILE - Workers toil on new homes in a housing development Tuesday, June 25, 2024, in Loveland, Colo. After showing signs of strengthening early this year, sales of new U.S. homes fell in April and May from a year earlier by 7.7% and 16.5%, respectively. After showing signs of strengthening early this year, sales of new U.S. homes fell in April and May from a year earlier by 7.7% and 16.5%, respectively.

As last year, homebuilders have lowered prices and offered incentives like paying to lower the rate on home loans in hopes of mitigating the impact of elevated mortgage rates. This spring's ramp-up in mortgage rates, which limits homebuying budgets, and the lingering uncertainty over when rates may come down, have put off many home shoppers.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Tron (TRX) Surpasses Shiba Inu (SHIB) in Fresh Market ShiftMarket shift comes amid broader drop in cryptocurrency market
Fuente: Utoday_en - 🏆 295. / 63 Leer más »

The Fresh Market to move into old Dom's Kitchen & Market location in Chicago's Lincoln Park communityThe Fresh Market to move into old Dom's Kitchen & Market location in Lincoln Park
Fuente: cbschicago - 🏆 546. / 51 Leer más »

Coinrate.pro's Exclusive Market-Making Systems Overcome Low Market Cap and Trading Volume IssuesCoinrate.pro offers advanced technological solutions to address the issues of low market cap and trading volume
Fuente: Utoday_en - 🏆 295. / 63 Leer más »

The college job market offers a warning sign to the US labor marketOn paper, the job market looks like it’s hardly ever been better. But the unemployment rate for bachelor’s degree recipients aged 20 to 29 is above 12%.
Fuente: cnnbrk - 🏆 393. / 55 Leer más »

Market for newly built homes slows as elevated mortgage rates put off many home shoppersHomebuilders who bucked the worst of last year's housing slump may be seeing their luck run out.
Fuente: wjxt4 - 🏆 246. / 63 Leer más »