not true at all – builders build or they aren’t called “builders”, they are called “out of business”
any construction of new homes is excess when we already have 12+ months of supply
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inre existing home sales:
what’s selling are low end homes and they are primarily being purchased by investors as has been pointed out in other recent threads
when an investor buys a house their is only one sale as opposed to an individual buying a house which often means they have sold or are selling another house (investor – one sale, individual – two sales)
