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New Home Sales Still in Line With 2017-2019 Range

New Home Sales Still in Line With 2017-2019 Range

With the market for existing homes struggling amid a lack of inventory, New Home Sales continue doing the heavy lifting for the housing market.  Rather, New Home Sales are doing more to show a stronger relative performance to the pre-pandemic years.  The market for existing homes is still far bigger, even at its weakest levels. But existing home sales data is so "last week."  Today's release is specific to new homes, so let's zoom in.  When we do, we can see new home sales remaining in the 2017-2019 range for nearly two years now.   In other words, new residential sales continue chugging along without much fanfare since the initial supply glut and demand surge that followed covid-related lockdowns.  There was quite a bit of variation depending on geography, which is oft
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