The Epoch Times Although the sales for new homes have risen 12.4 percent from October, it is a significant downward revision of October 2021 numbers from 745,000 to 662,000, according to the U.S. Census Bureau count. November new-home sales of 744,000 fell below analysts’ expectations of around 766,000, based on the latest report (pdf) published Thursday.
There is a demographically driven demand for new homes in the market as the millennial population reaches a home-buying age, but the high prices are keeping them from making a commitment and most are sticking to rental options. The median sales price for a new single-family home was $416,900…
