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HOMZ - U.S. New Home Market Showing Surprising Resiliency
Hoya Capital Housing
The new home market in the U.S. is showing surprising resiliency during 2020's coronavirus pandemic.
The following chart shows the trailing twelve-month average of the market capitalization of the U.S. new homes, where we see that after last peaking at $21.7 billion in December 2020, the market cap of all new homes sold in the U.S. has ranged between $21.34 billion (March 2020) and $21.45 billion (January 2020) in the five months since, with the initial estimate for May 2020 at $21.38 billion.
That's pretty remarkable because the market for new homes could very well