New home sales reached their highest levels since 2008 and were up 14.5 percent on a calendar year basis from 2014, Trulia reports.
Despite the fact that the overall numbers are still well below historical sales, this represents a steady, albeit slow, increase in demand from homebuyers, a positive sign heading into 2016 for the U.S. economy.
The demand for starter homes, however, is still relatively low. Only 19 percent of new home sales were below $200,000 in 2015, which is down 4 percent from 2014’s 23 percent.
Advertisement
Related Stories
Construction
Proven Ways to Improve Jobsite Productivity
Consider these solutions for reducing cycle time, hard costs, dry runs, rework, miscommunication, and overall inefficiencies on the jobsite
Affordability
What Are Our Affordable Housing Options? Really
There are a range of ideas out there for addressing the housing affordability crisis. And while offering more housing choices is great, which of those are truly solutions to affordability?
Business Management
Happiness and 'The Bear'
Can happiness be the core strategy of a home building business? It can ... and it probably should be