Massive Cancellations Make Mess of Already Low New-House Sales. Inventory Glut at Deep Housing Bust 1 Level. Buyer Traffic Plunges

Massive Cancellations Make Mess of Already Low New-House Sales. Inventory Glut at Deep Housing Bust 1 Level. Buyer Traffic Plunges

SGT Report - 2022-11-24 - Original post - Cached copy

by Wolf Richter, Wolf Street: Another thing: inflation. Just when you thought the construction-cost spike was abating, it hit a new record. Sales of new single-family houses have been zigzagging along low levels for months. In October, they rose 7.5% from September, after having plunged 11% in September, according to the Census Bureau today. At […]

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