IPFS News Link • Housing
Expect Huge Negative Revisions to New Home Sales as Sales Crash and Orders Cancelled
• https://mishtalk.com by MishRick Palacios Jr., Director of Research at John Burns Real Estate Consulting, has an excellent Tweet thread on what's happening in housing.
June home builder sentiment and survey results are in. Top themes: 1) A lot more new home buyers cancelling. 2) Price cuts becoming fairly common. 3) Drop in demand finally cooling construction cost pressures (builder layoffs also happening). Market commentary to follow…
— Rick Palacios Jr. (@RickPalaciosJr) July 11, 2022
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