News on housing market

Here are some important news on housing market

• Rising mortgage rates hit new home sales hard, an ominous sign for builders
• U.S. New-Home Sales Drop Sharply, Again: Purchases of newly-built single-family homes—a relatively narrow slice of all U.S. home sales—dropped 7.8% to a seasonally adjusted annual rate of 593,000 in January, the Commerce Department said Monday. This bucks the 4.0% increase economists surveyed by The Wall Street Journal had expected.
• U.S. Home Prices Continued to Rise at End of 2017