Sales of new U.S. single-family homes dropped to a six-month low in May as a jump in mortgage rates weighed on demand.
Read More US new home sales slump to six-month low in MayTag: residential investment
US single-family housing starts jump to more than 1-1/2-year high
Declining mortgage rates and incentives from builders are likely to draw potential buyers back into the housing market.
Read More US single-family housing starts jump to more than 1-1/2-year highUS new home sales fall more than expected in October
Sales of new U.S. single-family homes fell more than expected in October, likely as higher mortgage rates reduced affordability.
Read More US new home sales fall more than expected in October