Homebuilders Fill Housing Supply Void As Buyers Grapple With Sticker Shock For Existing Homes
Despite high interest rates, the nationwide housing shortage has given homebuilders a boost.
New home sales spiked 20% year over year with 763,000 houses sold in May. Of all the new homes available in the U.S., 28% are offered by homebuilders compared to the historical norm of 13%, according to a recent report from John Burns Research and Consulting.
