New Home Prices Fall as Builders Boost Incentives to Address Affordability Challenges

Decline in Newly Built Home PricesPrices for newly constructed homes fell last month as builders increased incentives to attract buyers facing affordability challenges. The U.S. Census Bureau reported that the median sales price for new homes in August dropped to $420,600, reflecting a 4.6% decrease from a year ago and a 2.1% decline from July. […]