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New construction still popular as most Americans believe it’s a bad time to buy an existing home

Posted on AllSides May 29th, 2024
From The Right

New build homes are regaining popularity as existing home prices and interest rates remain high. A little over a million single-family new builds were started in March, the U.S. Census Bureau and the National Association of Home Builders (NAHB), reported. March saw a 21.2% increase in new builds compared to a year ago. However, new builds are down by 12.4% from this February. Texas, California and Florida had the highest number of new build permits this year, U.S. Census Bureau data showed. Less populated states like North Dakota, Alaska, Wyoming...

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