New-home prices going up: Here’s why

screen-shot-2016-09-09-at-7-41-58-amREALTORMag

A shortage of new home lots – currently at record lows — will likely prompt home prices to accelerate, according to the National Association of Home Builders.

Sixty-four percent of homebuilders are reporting the supply of new-home lots in their markets was “low” or “very low,” the highest percentage since NAHB began tracking such data in 1997.

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