Business

New home sales fall to pre-pandemic levels

By Zach Halaschak
Published May 24, 2022 3:19pm ET
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New home sales fall to pre-pandemic levels
This Friday, March 21, 2014 shows a home for sale in Shaker Heights, Ohio. The National Association of Realtors reports on existing-home sales in March on Tuesday, April 22, 2014. (AP Photo/Tony Dejak) | Tony Dejak

Sales of new homes are tumbling to pre-pandemic lows as inflation rises and mortgage rates climb, raising recession fears.

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Housing Inflation mortgages Real Estate Recession Washington D.C.