As interest rates have risen, and our economy slowed, one of the first things to give way was the New Home sales market. According to Zonda, New Homes sales are down nation wide at 35.9% year over year. There has been a recent uptick in New Home sales as interest rates have fallen in recent months.
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Source:
https://www.builderonline.com/data-analysis/new-home-market-remains-choppy-with-sales-down-35-9-yoy_o?utm_source=newsletter&utm_content=Article&utm_medium=email&utm_campaign=BP_122222&
