Bulletin
Investor Alert

Market Pulse Archives

Dec. 23, 2020, 10:07 a.m. EST

New U.S. home sales fall 11% in November, but remain higher on an annual basis

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

or Cancel Already have a watchlist? Log In

By Jacob Passy

Sales of newly built homes occurred at a seasonally-adjusted annual rate of 841,000 in November, the Census Bureau reported Wednesday . That was 11% below the revised pace of 945,000 in October. Analysts polled by MarketWatch had projected new-home sales to occur at a seasonally-adjusted annual rate of 875,000. Compared to last year though, November's numbers remained elevated, up nearly 21% year-over-year. Inventory rose markedly by month's end, up some 14%, which is good news for buyers struggling to find an affordable home to purchase.

Read the full story:
New-home sales fall as buyers begin to get cold feet in an expensive market

This Story has 0 Comments
Be the first to comment
More News In
Personal Finance

Story Conversation

Commenting FAQs »

Today's Mortgage Rates

Type Rate Yield
30 yr Fixed Jumbo 3.17% 0.00%
30 yr Fixed 3.18% 0.00%
15 yr Fixed 2.52% 0.00%
10 yr Fixed 2.49% 0.00%
30 yr Fixed Refi 3.15% 0.00%
15 yr Fixed Refi 2.50% 0.00%
5/1 ARM 2.74% 0.00%
5/1 ARM Refi 2.70% 0.00%
Data provided by:

Partner Center

Link to MarketWatch's Slice.