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Sales of new U.S. single-family homes surged to more than a three-year high in April as builders lowered prices to attract buyers, but rising mortgage rates and economic uncertainty remained headwinds for the housing market.
2don MSN
Sales of previously occupied U.S. homes fell in April, as elevated mortgage rates and rising prices discouraged prospective home shoppers during what’s traditionally the busiest time of the year for the housing market.
US new-home sales rose unexpectedly in April to the highest level since February 2022, likely helped by builder incentives aimed at alleviating affordability challenges.
The slowest sales pace for any April in 16 years indicates the spring selling season is shaping up as a bust.
McDonald's is closing its line of CosMc's drink shops after less than three years. McDonald's reported lagging sales earlier this month.
Sales of new U.S. single-family homes unexpectedly increased in April as builders lowered prices to lure buyers, but rising mortgage rates and an uncertain economic outlook remain constraints for the housing market.
Home sales fell in April, as mounting economic uncertainty and steep housing costs pushed buyers away for a second straight month. Existing-home sales fell 0.5% from March to a seasonally adjusted annual rate of 4 million.
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