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New Home Sales Declined in September as Builders Focused on Inventory Management
What happened New home sales fell slightly by 0.6% to 676 thousand SAAR in September, essentially holding firm at 680 thousand in August but 5.3% below a year ago. The median price of new homes sold declined 3.9% from a year ago, to $400,400. As homebuilders delay new construction, the number of…
The ‘Netflix Effect’ Resurrects ‘Apocalyptic-Looking’ Abandoned Lot Left Blighted for 20 Years Into a New Community
Netflix is moving into town and with all the job opportunities that come with it, an influx of new residents is likely next.
Homebuilder Confidence Plunges to 14-Year Low as Mortgage Rates Soar
U.S. homebuilder confidence dropped to 29 in October, a 14-year low, due to soaring mortgage rates.