New Construction Sales Surging

08/24/12

 
142,000 units is the inventory of nationwide new construction homes available for sale. The lowest level since the government started tracking the figure in 1963.

Builders sold a seasonally adjusted annual rate of 372,000 homes in July. Rendering only a 4.5 month remaining inventory. Simple economics, buyers' preference for new homes will continue to surge housing starts to meet demand.

Shaun Dalton

Gulf Coast International Properties



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