October marked the worst month for new home sales in the U.S. in more than two years, another blow to homebuilders who had already endured higher mortgage rates and along with bumps in construction and supply costs. “It adds another nail to the coffin to the housing market expansion,” said Ralph McLaughlin, deputy chief economist with property data firm CoreLogic. New home sales in October fell 8.9 percent to 544,000 compared to September, marking an […]
source https://therealdeal.com/miami/2018/11/29/new-home-sales-fall-nationwide-to-lowest-levels-in-2-years/#new_tab
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