Sales Pace News Today : Breaking News, Live Updates & Top Stories | Vimarsana

WASHINGTON (Reuters) -Sales of new U.S. single-family homes rebounded in March from February's downwardly revised level, drawing support from a persistent shortage of previously owned houses on the market, but momentum could be curbed by a resurgence in mortgage rates. New home sales jumped 8.8% to a seasonally adjusted annual rate of 693,000 units last month, the highest level since last September, the Commerce Department's Census Bureau said on Tuesday. The sales pace for February was revised down to 637,000 units from the previously reported 662,000 units.

Sales of new U.S. single-family homes increased strongly in December, boosted by declining mortgage rates and a persistent shortage of previously owned houses on the market. New home sales rebounded 8.0% to a seasonally adjusted annual rate of 664,000 units last month, the Commerce Department's Census Bureau said on Thursday. November's sales pace was revised higher to 615,000 units from the previously reported 590,000 units.

With just 4.09 million existing homes sold, 2023 marks the slowest year for the housing market since 1995.

WASHINGTON (Reuters) -Sales of new U.S. single-family homes surged to a 19-month high in September as builders offered price discounts and other incentives to woo buyers, but mortgage rates approaching 8% could curb demand. The larger-than-expected increase in sales last month reported by the Commerce Department on Wednesday showed that the new housing market continued to be supported by a chronic shortage of previously owned houses. New home sales rebounded 12.3% to a seasonally adjusted annual rate of 759,000 units last month, the highest level since February 2022.

Existing home sales saw a 0.7% dip in August. A dip in home sales comes as median existing-home sales prices climbed 3.9% from a year ago.