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New Home Sales Slowed in March Despite Increased Inventory

New home sales are declining year-over-year after soaring during the first months of the pandemic, but housing supply is on the rise, says Bill McBride in the CalculatedRisk Newsletter. New home sales were at a seasonally adjusted annual rate (SAAR) of 763 thousand in March, 8.6% below the revised February […]
New housing construction

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