2024-01-26 05:05:00 ET
Summary
- The median price of new single-family houses sold in December dropped to $413,200 (according to the Commerce Department on Thursday).
- For the industry overall, sales of new houses in December rose to 50,000 houses, up 6.4% year-over-year and up by 2% from December 2019.
- The median price of resale single-family houses has also declined, but only a little.
Homebuilders do what it takes to sell homes in this market while sales of existing homes have collapsed. ...
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Prices Of New Houses Drop To 2-Year Low