Unsold homebuilder inventory is ticking up as new home sales slow
Housing Wire
SEPTEMBER 26, 2023
After a boost in July, the sales pace of new homes slowed in August, according to data published on Wednesday by the U.S. Census Bureau and the Department of Housing and Urban Development ( HUD ). In August, the sales pace of new homes fell 8.7% On a year-over-year basis, new home sales were up 5.8%.
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