US new-home sales rise in March

7 articles · Updated · Bloomberg · May 5

Sales climbed 7.4% from February to an annualised 682,000, the fastest pace this year and above economists' 652,000 forecast.
Government data showed demand strengthened as the median selling price fell to its lowest level in more than four years.
Builders also offered incentives, suggesting affordability pressures remain central to the housing market even as sales activity improved.

Builders are slashing prices to fuel a sales boom. How long can this strategy last in a high-rate environment?

With new home prices falling, are record-high existing home prices facing an inevitable correction?