During just last month, there were more new homes sold than any month in nearly a decade. Even more impressive, is that the new-home inventory is the highest it’s been in almost eight years. But upcoming activity could be hurt by a Trump administration move.
Data jointly released Tuesday by the Census Bureau and Department of Housing and Urban Development indicate 58,000 new U.S. home sales were completed in March 2017.
Based on historical data from the Census Bureau, that was the most new home sales during any single month since August 2007, when the total was 60,000.
Source: Mortgage Daily