U.S. New Home Sales Beat Expectations; Supply Near 13-Year High

Posted on AllSides September 25th, 2021
From The Right
REUTERS/Larry Downing

Sales of new U.S. single-family homes increased for a second straight month in August, but demand for housing has probably peaked after a COVID-19 pandemic-fueled buying frenzy.

The report from the Commerce Department on Friday also showed the supply of new homes on the market last month was the largest in nearly 13 years, with prices unchanged on a monthly basis. It followed on the heels of news on Wednesday that sales of previously owned homes fell in August.

“These data suggest that the surge in new home sales during...

Read full story
Some content from this outlet may be limited or behind a paywall.

One America News Network (OAN)

AllSides Media Bias Rating: Right
AllSides Media Bias Rating: Right
See full bias rating for One America News Network (OAN)
Learn about media bias

More News about Housing and Homelessness from the Left, Center and Right

From the Left

From the Center

From the Right