New home sales rose sharply in August to the highest rate since 2022, an encouraging development for a housing market plagued by high prices and mortgage rates.
New home sales rose 20.5% in August to an 800,000 annual rate, according to a Wednesday report from the Census Bureau. The number of new home sales is 15.4% higher than in August 2024.
Stay informed.Stay ahead.
Join Washington Examiner for unlimited access to the news, analysis, and commentary that matter most.
See Options
Already a member? Log in
Already a print subscriber? Click here to login/register your account
