Prolonged lags in existing home sales contribute to reduced household spending, services output, economist notes
Tagged: new construction
The nation’s top 10 builders increased their share of new home sales from less than 10% in 1989 to nearly 50% 35 years later
Borrower demand remains strong, but is stifled by inventory and affordability barriers
Preference for older homes signals renovation loan opportunities for originators
TD Bank's survey reveals more first-time buyers seek new construction as housing shortage persists.
New construction makes its way especially into certain U.S. cities, while borrowers purchasing more new housing stock
Rents tick up 0.4% from last year as new apartment construction slows, signaling a potential end to rent stability
Move comes as some caution Canada, Mexico tariffs will spike building materials costs
But January new home sales were still up 11% year-over-year
The price gap between new and existing homes has all but disappeared