Residential Construction News, Trends and Strategies for Success

SEPTEMBER NEW-HOME SALES UP 46.9% YEAR OVER YEAR (Builder Magazine)

SEPTEMBER NEW-HOME SALES UP 46.9% YEAR OVER YEAR (Builder Magazine)

Zonda’s New Home Pending Sales Index (PSI) posted more positive news in September. The indicator, which measures the number of new-home sales contracts signed across the country, grew to 170.7 last month, showing 2.7% month-over-month and 46.9% year-over-year increases and continuing the momentum of the ‘super V’–shaped housing recovery.

Economists have continually noted that the work-from-anywhere shift combined with seriously low mortgage rates and an improving economy all bode well for the housing market.

“The U.S. economy flipped from a service-based economy to a goods-based economy and, right now, the most desired ‘good’ is a new home,” says Ali Wolf, chief economist at Zonda. “New-home sales are unstoppable even as builders raise prices and election uncertainty heats up.”

More: https://www.builderonline.com/money/economics/september-new-home-sales-up-46-9-year-over-year_o?utm_source=newsletter&utm_content=Article&utm_medium=email&utm_campaign=BP_102620&

Related

Share

Post a Comment

 

Would You Like More Information or Assistance?

 

Frequently Asked Questions

Here you'll find more information regarding the format of the course, training access, completing your designations and more.

Go to FAQ's

Let Us Help

We take pride in delivering great customer support. Contact us with any questions you may have to make the most of your training.

Contact Us

Call or Text

I you'd like assistance in comparing courses, choosing your training package, or accessing your training, feel free to call or text.

949-514-5272