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HomeHouses

Houses

Houses
Finance

Inventory of New Houses for Sale Stuck at Highest Level since 2007, Driven by Gluts in the South & West. Prices Fall, Incentives Soar, Sales Rise

April 23, 2025 Mariel Alumit

Homebuilders get more aggressive to sell the inventory, but prices are still far too high. By Wolf Richter for WOLF STREET. Despite huge inventories of new houses for sale, including completed houses, homebuilders have continued to build homes […]

New Houses
Finance

Inventory of New Houses for Sale Highest since 2007. Builders Push Mortgage-Rate Buydowns, Price Cuts, and Incentives

February 26, 2025 Mariel Alumit

What homebuilder Taylor Morrison said about the costs of mortgage-rate buydowns v. actual price cuts. By Wolf Richter for WOLF STREET. Unsold inventories of new single-family houses for sale at all stages of construction in January rose by 8.3% from […]

Single-Family Houses
Finance

Inventory of New Completed Single-Family Houses for Sale Spikes to Highest since 2007. Builders Prop Up Sales with Lower Prices, Bigger Incentives, Smaller Houses

January 27, 2025 Stu Turley

Sales of new houses in 2024 were decent, while massive demand destruction crushed sales of existing houses because prices are way too high. By Wolf Richter for WOLF STREET. Bring on the supply of new houses: Unsold inventory […]

Prices
Finance

Prices of New Houses v. Prices of Existing Houses: Why Sales of New Houses Hang in there as Sales of Existing Houses Plunge

February 26, 2024 Stu Turley

Price Cuts and mortgage-rate buydowns, though costly for homebuilders, make new houses more attractive. By Wolf Richter for WOLF STREET. The median price of new single-family houses that were sold in January ticked up from December, but was down […]

Price
Finance

Prices of New Houses Drop to 2-Year Low

January 26, 2024 Stu Turley

Homebuilders do what it takes to sell homes in this market while sales of existing homes have collapsed. By Wolf Richter for WOLF STREET. The median price of new single-family houses sold in December dropped to $413,200, down […]

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