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US Homebuilders Deeply Depressed As Incentive Use Soars
Homebuilder sentiment in the US is stuck in the dumps.
Sorry. Let me rephrase. Builder confidence h
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33% of homes for sale are new construction.
Dietz is playing that cute. I don’t know what percentage of that are second homes. Death and divorce are more likely to stabilize existing home prices by bring down comparable home prices on the market. Which is made clear to the sellers in need of offloading to a new mortgagee. As always time tells all.
Self stabilizing home prices, and inflation of wages and blaming the Fed till then seems to be the political route.