Ad banner
Ad banner

Home Sales PLUNGE by 30% as Home Builders ABANDON Projects..?

Home Sales CRASHED in April by 30% across America. Yet another 2022 Housing Crash and Recession WARNING. Home Builders are beginning to abandon projects (and pull fewer permits) as a result. US Census Bureau Data showed that Homebuyers purchased 30% fewer Newly Built Homes in April 2022 compared to April 2021. That’s one of the largest YoY declines on record and is further evidence that the Housing Crash has started. Homebuyers dropped out of the market for new homes due to 1) increasing mortgage rates, 2) inflation, and 3) pessimism regarding the US Housing Market. These headwinds are combining to make life difficult for Home Builders, who are building a new record amount of single-family homes in 2022. The declines in Home Sales were biggest in the South – across Housing Markets such as Texas, Florida, and Tennessee. This region saw a 37% decline, compared to 25% in the Midwest and 12% in the West. Interestingly – Northeast Markets increased sales by 17%. Perhaps most concerning – the decline in Home Sales to go along with peak in Home Construction is a historical Recession predictor. Nearly every time in the last 50 Years that Home Building ran up to a peak, a Recession followed in the next two years.

Leave your vote

98321 points
Upvote Downvote
(Visited 196526 times, 1 visits today)

You Might Be Interested In

Other Channels

LEAVE YOUR COMMENT

Log In

Forgot password?

Don't have an account? Register

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.

error: Content is protected !!