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#MortgageRates are still high, but #HomeBuilders can offer incentives that dampen the effect of the #HighRate/#HighMortgagePayment shock shock; #existinghome sellers have to compete with brand #NewHomes; more new builds are coming to market as projects complete, even if build…
New homes are 26% of all for-sale housing supply today, twice the industry norm of 13%.
Back in 2021-2022, this chart was one of the first signals housing was entering an abnormal phase, as existing owners sat tight on rock bottom rates and homebuilders gladly stepped in with…
Lots coming on as more projects are completed in a market that is not absorbing as well as when the projects started.
Very good marketing is needed to get these to move in such a competitive environment.
Keep 360 degree flexibility in mind...
#realestatemarket #newconstruction…
The total number of completed new homes that remain unsold is at its highest level since September 2009
There is some slack in the new construction market