New home sales in the U.S. have recovered from the lows of The Great Recession (TGR). But when they are plotted as a ratio to population we see that the level today is similar to recession lows (except for TGR) for the past 50 years. This clearly indicates that the new home construction industry is still very weak. I also would suggest that a shortage of new homes could put further upward pressure on the prices of existing homes.
The low level of new home construction is discussed in video after the Read more >> jump.
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