New home sales rebound as builders chase buyers’ budgets

August saw a welcome rebound in US new home sales, with builders working hard to meet buyers’ budgets by offering price reductions and incentives. Sales reached their fastest pace in eight months, though activity remained about 2% below last year’s level. The median price settled at $393,700, reflecting both the high inventory and the cautious outlook among builders as financing costs continue to climb. Here around Lake Murray, I’ve found that understanding local trends—like how builder sentiment and inventory influence options—can make all the difference for clients looking for the right fit. With decades of local experience, I’m always focused on helping buyers navigate these shifts at their own pace, without pressure.