As the lock-in effect eases, the market for new homes is shrinking
Housing Wire
NOVEMBER 4, 2024
New construction inventory has grown in recent months. Homebuilders have ramped up incentives — like mortgage rate buydowns and cash rebates — to boost sales, and new-home sales rose 6.3% But the increase in sales means that inventory levels will start to decline as fewer new homes are being built. million units.
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