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HOMZ - Falling New Home Prices Mortgage Rates Spark Housing Rebound
Hoya Capital Housing
Fueled by falling new home prices and falling mortgage rates, the U.S. new home market is experiencing a rebound in its fortunes.
Starting with falling new home sale prices, preliminary and revised data reported by the U.S. Census Bureau for July 2019 shows that the average and median sale prices of new homes sold in the United States have continued a downward trend into mid-2019.
Focusing on median new home sale prices, the next chart presents the trailing twelve-month average of these prices to smooth out month-to-month volatility in the data to identify trends since