✉news BusinessReal Estate first seen 1 d ago, last 1 d ago, peak #13
New-Home Sales Dip Less Than Expected on Builder Incentives
Original: New-Home Sales Dip Less Than Expected as Builder Incentives Bolster Sales
US new-home sales fell in the latest report, but by less than analysts had forecast, as homebuilders leaned on incentives such as mortgage-rate buydowns and price cuts to keep buyers engaged. The resilient pace suggests demand for newly built homes is holding up better than expected despite elevated borrowing costs, with builders' willingness to sweeten deals cushioning the slowdown in the housing market.
Why now: Housing data is being closely watched for signs of how high mortgage rates are affecting the market
US housing markethomebuildersRealtor.com
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