Quote:
Originally Posted by Normal
Actually less than in previous years.
2023= 3,029 New Home Sales
2024= 3,208 New Home Sales
Previously
2022= 3,923 New Home Sales
2021= 4,004 New Home Sales
So yes, they are scaling back by selling less homes. Demand has dropped off some. That’s OK though, labor is tightening further.
|
Sorry if I wasn’t clear, the last 6 months percentage of new homes being bought by current TV residents, seems to be growing. Residents aren’t moving out, but to different homes, adding their current home to preowned sales. Raises % of homes for sale, along with % new sales.
For many years most residents seemed to age in place. If they sold it was death, memory care, or missed the grands.
With younger residents, moving to different homes doesn’t seem unusual. New areas are a draw for many, leaving older neighborhoods. Probably boosting the average move 2.5 times closer to 3