New Construction Archives - Page 7 of 7

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Why We Need More Newly Constructed Homes

By Corinne Geiger | October 6, 2016 |

The number of new home sales is far off historic norms. The National Association of Realtors (NAR) just reported that the percentage of all house sales that were newly constructed homes has fallen to the lowest numbers in forty years. Here is a graph showing the percentages:

New Construction Numbers: Now Versus 2005

By Corinne Geiger | September 8, 2016 |

There is some thinking that the pace of the housing recovery is unsustainable and that we may be heading for another housing bubble. However, Jonathan Smoke, the Chief Economist of realtor.com explains the basic difference between 2005 and today: