New home sales
MacroDefinition
Monthly Census Bureau release covering newly-built homes. Smaller than existing-home market but more rate-sensitive and a cleaner leading indicator of construction activity.
Builders use rate buy-downs to keep monthly mortgage payments affordable when rates spike — explains why new-home sales held up better than existing in 2023-2024.
Builders use rate buy-downs to keep monthly mortgage payments affordable when rates spike — explains why new-home sales held up better than existing in 2023-2024.