Here's the Latest Stat Showing How the US Housing Market Has Frozen over in 2025

Here's the latest stat showing how the US housing market has frozen over in 2025

FILE - This June 20, 2019, file photo shows an existing home is offered for sale in Rutledge, Ga. Weaker home sales trends are expected to contribute to a sharp slowing in the home remodeling market. (AP Photo/John Bazemore, File)Associated PressNew home sales fell 13.7% in May, another data point that shows the housing market is stuck.The South led the decline with a 21% drop, while the Northeast saw an increase.Declining home sales are raising…

U.S. New Home Sales Drop as High Prices and Mortgage Rates Keep Buyers Away

Official data from the U.S. Census Bureau and Housing Department shows that sales of new homes in the United States fell by 13.7% in May 2025 compared to April. Builders sold homes at an annual pace of 623,000 units, down from 722,000 the month before. This is also 6.3% less than in May last year, […]

Challenging Affordability Conditions Put a Damper on New Home Sales

Elevated interest rates and economic uncertainty sent more home buyers to the sidelines in May as housing affordability conditions remain challenging.

New home sales tumbled in May

Activity was down 13.7% from April, pushing new home inventory to nearly 10 months of supply as builders face increasing competition from the resale market.

Elevated Rates, Challenging Affordability Conditions Put a Damper on New Home Sales

Elevated interest rates and economic uncertainty sent more home buyers to the sidelines in May as housing affordability conditions remain challenging. Sales of newly built single-family homes declined 13.7% in May, falling back to a seasonally adjusted annual rate of 623,000 according to newly released data from the U.S. Department of Housing and Urban Development...