The number of new home sales is far off historic norms.The National Association of Realtors(NAR) justreportedthat the percentage of all house sales that were newly constructed homes has fallen to the lowest numbers in forty years. Here is a graph showing the percentages:
This should come as no surprise as the number of new housing starts has fallen dramatically over the last several years:
We need more new construction for two reasons:
It will relieve some of the pent-up buying demand that is causing price appreciation to continue to increase well above historic norms.
It will give better opportunities to many current homeowners who want to sell but can’t find an adequate home to move in to.
Author:Angela Cotten Phone: 817-470-0081 Dated: October 6th 2016 Views: 3,791 About Angela: Results, Integrity, Attitude & Honesty. If superior representation with a caring touch is what you ...