Sales of new U.S. single-family homes fell in December, but builders made progress in reducing inventory build-up, potentially allowing them to break ground on more new housing projects. New home sales fell 1.7% to a seasonally adjusted annual rate of 745,000 units, the Commerce Department’s Census Bureau said Friday. Sales rose from 656,000 in October […]
U.S. existing home sales rose modestly in November due to an easing of mortgage rates, but economic uncertainty is keeping potential buyers on the sidelines. Friday’s report from the National Association of Realtors also showed that the inventory of previously owned homes fell to the lowest level in eight months from October, limiting choice for […]