Buyer Demand Grows for New Homes
Buying a HomeWhile sales of newly built single-family homes is on the rise, buyers are finding fewer choices as inventory sinks to a new record low, the Commerce Department reported Thursday. New-home sales rose 3.6 percent in July to 372,000-unit annual rate — matching a two-year high that was set in April. New-home sales are up 25.3 percent over year-ago levels. “Sales of new homes in July returned to the same solid pace they set in May, which was the fastest sales […]
