BUSINESSglobal
US New Home Sales Slump the Most in 13 Years
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Updated 2 hours ago
First seen March 20, 2026 00:25:45Stay on top of this story
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Quick Summary
New home sales in the United States plunged by 17.6% to a seasonally adjusted annualized rate of 587,000 units in January of 2026, contrasting sharply with an increase to 720,000. It was the sharpest decline since 2013 to the lowest rate since 2022. The slump took place despite the pullback in benchmark mortgage rates, which ...