New Home Sales Reach Lowest Level Since Start of Pandemic

·3 min read

The demand for homes has been sky high throughout the pandemic as mortgage rates have sat at or near historic lows. Now to be clear, new homes sales refers to newly built homes, not existing ones that were formerly lived in. In June, there was a 6.3-month supply of newly built homes available.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting