New-Home Sales Rise as Existing Housing Inventory Dries Up

      Comments Off on New-Home Sales Rise as Existing Housing Inventory Dries Up
New-Home Sales Rise as Existing Housing Inventory Dries Up

A lack of existing housing inventory is pushing a growing number of homebuyers into the new-home market, signaling a year of strong sales ahead for home builders. New-home sales rose 4.1% nationwide to an annual rate of 683,000 in April, up from a revised 656,000 the month prior, Realtor.com reports. Though new-home inventory remains historically
Read More