Surging home prices and strong demand caused a three month reduction in single family homes sales, but this trend was reversed with a small 1% increase in July.

According to a recent article written by Lucia Mutikani for Reuters.com “Sales of new U.S. single-family homes increased in July after three straight monthly declines, but housing market momentum is slowing as surging housing prices amid tight supply sideline some first-time buyers from the market.”

Read the article here:
U.S. new home sales creep up; supply, prices remain constraints 

Additional information about the performance and trends is included in this August 24, 2021 article on MortgageNewsDaily.com:

Read the article here:
New Home Sales Post First Gains Since March

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