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Up is Down in the New Home Market

Realty Biz

According to the National Association of Home Builders, the price of lumber has gone through the roof since April to the tune of 160%. Alone, that 20% does not account for the 160% cost increase this year but high demand for new homes along with many other factors has. There is plenty of buyer demand but limited resources.

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Housing Market 2020 Forecast: Will It Crash or Recover?

Marco Santarelli

In fact, in just the second quarter alone, the housing demand went from being down 41% to up 40% year-over-year. In July, the national median home price gain marked 101 straight months of year-over-year gains. In July, the national median home price gain marked 101 straight months of year-over-year gains.

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