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NETL - New Single-Family Home Sales Inventories And Prices Rise In November
NETLease Corporate Real Estate
New home sales surged in the second half of 2020 but then slowed sharply in the first half of 2021.
Despite the jump in sales, the total inventory of new single-family homes for sale rose 2.6 percent to 402,000 in November, the highest level since August 2008.
Record-high prices and somewhat higher mortgage rates are headwinds forcing some buyers out of the market.