New home sales are stronger in growing cities

By Jann Swanson | Mortgage News Daily

Depending on how you look at it, either Texas and Florida or Nevada and Idaho were the fastest growing states in 2019. Frank Nothaft, CoreLogic’s chief economist says that in terms of sheer numbers the first two grew dramatically, with Texas adding 367,000 more residents and Florida’s population increasing by 233,000. Percentage wise, the two smaller states each grew by more than 1.7 percent.

In terms of new home sales, it is clearly the big numbers that count and the two states that have seen the largest population gains have also seen the most robust sales. The two metro areas with the largest number of new home sales were Dallas and Houston and Texas and Florida together claimed six of the top ten spots.


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