They cant, 60% of the houses sold Here in PHX are investment, think stock market boom, they all think they can flip them and make $$$. I would hold pat right now.
- New construction of U.S. homes soared 14.5% in January to a seasonally adjusted annual rate of 2.276 million,>>>>>>
Do you happen to know enough about this subject to explain whether this figure actually means anything? I am unsure what to make of it.
The new homes here are being purchased by young families. And they are being built at a frenzied pace.