Prices for newly built homes have hit their lowest level in five years, as homebuilders continue to grapple with weak buyer demand, newly released data shows.In July, the median sales price of new homes fell to $393,800, down 2.3% from the prior month and the lowest since July 2021, the U.S. Census Bureau and the Department of Housing and Urban Development reported on Tuesday.That price is also fa…
New-Home Prices Drop to Lowest Level Since 2021
