John Carney 25 Mar 2025
Americans hoping to buy a home got some good news Tuesday—as did the Trump administration.
When President Trump took office two months ago, his administration announced it would deliver “emergency price relief” to a nation strained by Bidenflation. That included a promise to “drastically lower the cost of housing and expand housing supply.”
And that’s what’s happening in the U.S. housing market, as the latest data on sales of newly built homes provides a rare glimmer of relief for homebuyers who have been burdened by high prices and tight supply.
New home sales rose in February. The U.S. Census Bureau reported that sales of newly built single-family homes increased by 1.8 percent to a seasonally adjusted annual rate of 676,000, a 5.1 percent rise compared to a year earlier.
Prices are moving in the right direction for buyers. The median price of a new home fell to $414,500, down 1.5 percent from a year ago and a 3 percent decline from January. The decline in prices is attributed to builders increasingly focusing on the more affordable $300,000 to $400,000 range, which made up 34 percent of sales, the highest share in over a year.
The supply of new homes available for sale rose to 500,000 units, the highest level since 2007, representing an 8.9-month supply at the current sales rate. This means buyers have more choices than they’ve had in years, and with builders offering more incentives and cutting prices, conditions are increasingly favorable for those looking to buy.
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https://www.breitbart.com/economy/2025/03/25/new-home-sales-jump-as-prices-improve-and-supply-grows/
