New Home Sales Improved In 2015 But Are Still Below Historical Numbers

In addition, sales of starter homes dropped in 2015

January 27, 2016

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.

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