US New-Home Sales Decline as Mortgage Rates Sap Demand

Wahid Karomah

(Bloomberg) — Sales of new US homes fell in September, resuming a downtrend as decades-high mortgage rates push would-be buyers out of the market. Purchases of new single-family homes decreased 10.9% to a 603,000 annualized pace following an unexpected gain in August, government data showed Wednesday. The median estimate in […]