The National Association of Home Builders and Wells Fargo said on Monday their index of builder confidence in newly built, single-family homes fell to 64 from 66 in May.
Among the dizzying number of June transactions were a record townhouse sale and Jeff Bezos’s three apartment purchases for $80 million.
Existing home sales in the United States rebounded in May, up by 2.5% month on month and the first increase in two months, according to the latest index from real estate agents.
Funds to support development of 20,000 new homes as San Francisco Bay Area grapples with homelessness
Existing home sales in the United States fell in April, the second month in a row to see a decline, but prices continue to increase, the latest index data shows.
Overall the U.S. inventory of homes in the bottom third of the market by price rose 3.5%, the fastest annual growth rate in at least six years, according to Trulia.
Living by the beach is becoming even more cost prohibitive. While many Americans know about the sky-high costs of housing in New York City or Seattle, affordability is increasingly the worst in areas where the wealthy vacation and a large share of local workers cater to their needs. The trend taps into the worsening economic inequality that is reshaping American society.
The median value of a home in the United States fell by 0.1% in April month on month to $226,800, the first fall in seven years, the latest index report shows.
The Commerce Department said that builders started construction at a seasonally adjusted annual rate of 1.16 million units last month, down from a 1.27 million pace in January.
Florida and Las Vegas are the best housing markets in the United State for first time buyers, with three of the six best in Florida, new research shows.
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