RQI - Growth Of U.S. New Home Market Turns Negative
Following our first-ever analysis of the total transaction value for existing home sales in the U.S., we're returning to more familiar territory in calculating the equivalent market capitalization for new homes sold in the U.S., where we find that it too appears to have peaked in March 2018.
In March 2018, the trailing twelve-month average of the market capitalization of new homes sold in the U.S. peaked a bit over $20.3 billion. The trailing-year average market cap went on to decline to $19.9 billion in June and to rebound to a high just shy of