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New-home sales spike to 3-year high as builders pile on discounts to sell homes
MarketWatch· 2025-09-24 14:24
Core Insights - Sales of new homes experienced an unexpected increase in August, attributed to builders offering significant discounts and reducing prices to attract buyers [1] Group 1: Sales Performance - New home sales saw a notable rise in August, indicating a shift in market dynamics as builders actively sought to stimulate demand through pricing strategies [1] Group 2: Builder Strategies - Builders implemented aggressive discounting and price reductions as a tactic to lure potential buyers, reflecting a competitive response to market conditions [1]