new homes

Sales of new homes, a benchmark indicator both for the housing market and the overall economy, rose slightly but remained slow in September.

Despite a glut of discouraging data from the real estate sector, a few bullish arguments are beginning to emerge.

One MIT economist even believes that demand for new homes exceeds residential construction.

Yes, even with months of inventory languishing on the market, some real-estate experts see a day coming when demand for new homes will exceed supply.

Sales of new homes soared in March, breaking a 4-month losing streak, according to a government report released Friday, as buyers snatched up properties ahead of the tax credit expiration.

Sales of new homes fell to a record low in February, according to a government report released Wednesday, as the glut of foreclosed homes and a weak economy weather dampened the housing market.

Construction of new homes dipped 10% last month. What does the surprising drop say about our recovery? Bob Moon reports.

Home builders initiated construction of far fewer new homes in October than the month before, a big and unexpected drop for the struggling industry, according to a government report issued Wednesday.

Construction of new homes was expected to drop in September, but not to the lowest number in seven years. With builders and buyers unable to get loans easily, the decline is expected to continue.

Mitchell Hartman reports.