New Housing

The Knudson File: NEW Home Sales and Prices for March 2022

When coronavirus first impacted the United States in March 2020, sales of NEW homes immediately stalled but quickly recovered as the Federal Reserve dropped the federal funds rate to between …

The Knudson File: NEW HOME SALES and PRICES

When COVID-19 first hit the US in March 2020 sales of NEW homes immediately stalled but quickly resumed as interest rates declined.  With record-low mortgage rates, sales of NEW homes surged in late 2020 and into 2021.  As mortgage rates increased sales slowed but appear to be at levels slightly below levels that prevailed prior to March 2020.  The increased sales with multi-generational lows may have brought demand forward, thus giving the impression that NEW home sales have stalled.

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