Pace of U.S. New-Home Sales Suggests Steady Housing Strength
A new homes is viewed through the window of a spec home for sale at The Meadows single-family home development in Williston, North Dakota, U.S., on Thursday, Sept. 10, 2015.
Photographer: Daniel Acker/BloombergThis article is for subscribers only.
The U.S. housing market is stabilizing near 10-year highs, according to government data Wednesday that showed sales of new homes were slightly less than forecast.
Americans, taking advantage of low mortgage rates and confident in a strong job market that’s providing steady wage gains, are still on the hunt for new homes. Prices fell from a year earlier as more moderately priced homes sold in June.