By Logan Mohtashami | Housing Wire
The recent new home sales data is at levels last seen in 2006, with monthly supply back down to the low levels seen the last time new home sales data was really strong.
For the first time in more than a decade we have the demand needed to prompt builders to really push housing starts. This growth in demand is consistent with what I have been saying for many years – if interest rates stayed low, good housing demographics in the years 2020 to 2024 would substantially drive up demand for housing, including new home sales. .
However, we did have a bump on the road getting here.