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Unexpected growth in the US housing market

Unexpected growth in the US housing market
New home sales in the US rose sharply. In August, sales increased by more than 20 percent, reaching an annual rate of 800,000 units. This was the highest figure in the past three years.

Experts explain this by builders lowering prices and offering various incentives to buyers. Slightly easier credit conditions also boosted sales.

At the same time, new homes account for only a small share of total home sales. Due to high prices and limited affordability, many buyers are struggling to purchase homes.

Analysts say that if mortgage rates continue to decline, home sales could grow even further in the coming months.

New HomeHome SalesMortgage RatesHousing MarketCredit Conditions
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