As existing home inventory reaches crisis level lows, new home builders rev their lower-price-tier engines.
By John McManus | Builder
Quiz time. Which of the following statements could be “fake news,” and why?
Housing affordability remains flat in 2017
Homeownership is increasingly for the wealthy, according to the latest sales data
Homeownership is still financially better than renting
None of the above
All of the above
Fact is, there’s data that would back up all three statements as true. So, although it would appear that at least parts of each assertion would have to contradict at least parts of the other two, it’s hard to decipher how they all add up factually. And this is important because, while the data point you quote may be correct, the inference, interpretation, and action you take based on the data point might be off base.