New home sales boosted by lower rates and home prices
Fannie Mae’s Economic and Strategic Research Group said the month-over-month jump likely reflects the temporary decline in mortgage rates and general volatility in the series. “New homes for sales dipped 2.9% to 439,000, though the number of new homes for sale that is completed rose slightly,” the group noted. “The month’s supply declined eight-tenths to … [Read more…]