Wells Fargo: New Home Sales Jump 20.5% as Builder Incentives Counter Market Headwinds

August surge to 800K unit pace may signal temporary reprieve rather than sustained recovery The housing market continues to grapple with affordability challenges and elevated borrowing costs, but August brought an unexpected bright spot that has analysts questioning whether the momentum can last. New home sales surged 20.5 percent in August, reaching an annualized pace […]