Remove articles homebuilders-are-taking-advantage-of-low-existing-inventory
article thumbnail

New home sales defy recession calls

Housing Wire

New home sales are up 20% year over year, and existing home sales are down 20% year over year; this is something we don’t see very often. One group has the advantage here while the other doesn’t: The new home sales market is minuscule versus the existing one, and the builders sell their homes like a commodity.