After a down month in May, the sales of newly-built homes appears back on track.
As published by the Census Bureau, June’s New Home Sales report showed:
- A 24 percent sales volume increase from the month prior
- A 2-month drop in the supply of newly-built home
There are now just 210,000 new homes for sale nationwide.
June’s data is a major improvement over May’s dismal sales that equaled the worst month in New Home Sales history.
For buyers of new homes in Salt Lake , this may be a perfect opportunity to purchase a new home at the lowest prices in recent history.
Plus, with mortgage rates at all-time lows and expected to rise, home affordability is may never be better.