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home / news releases / NETL - Good Month For New Home Sales Not Yet Enough To Break Downtrend

NETL - Good Month For New Home Sales Not Yet Enough To Break Downtrend

NETLease Corporate Real Estate

2024-05-07 13:45:00 ET

Summary

  • March 2024 was a good month for new home builders in the U.S.
  • The market cap trend for new homes has been fading after having most recently peaked at approximately $28.46 billion in October 2023.
  • Downward trends for the new home market's underlying number of sales and average sale prices remain intact, though the positive data for March 2024 contributed to slowing their descent.

March 2024 was a good month for new home builders in the U.S. The month saw a rebound in the number of new home sales and also a rebound in the average new home sale prices over February 2024's depressed levels....

For further details see:

Good Month For New Home Sales Not Yet Enough To Break Downtrend
Stock Information
Company Name: NETLease Corporate Real Estate
Stock Symbol: NETL
Market: NYSE
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