Nearly Half Of Southwest New-Home Contracts Were Cancelled In October
This was up from a cancellation rate of 9 percent just one year ago
This was up from a cancellation rate of 9 percent just one year ago
The median sales price of new houses sold nationally in October 2022 was $493,000
Twenty-nine percent of U.S. single-family homes for sale last quarter were new builds
Compared to July 2021, the new home market was down 29.6 percent
With just 590,000 units sold last month, the new home market has slumped back to 2018 levels
According to the U.S. Census Bureau, 696,000 new homes sold in May
The average sales price of new houses sold last month was $496,900
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Newly constructed homes for sale at of the month represented a 6.5 month supply
Sales of new single-family homes were still 23.1 percent down year-over-year
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