In November, there was a drop of 1.6% in the sale of newly built, single-family homes.
According to newly released data by the US Department of Housing & Urban Development and the US Census Bureau, this drop was considered in accordance with the US Department of Housing & Urban Development and the US Census Bureau.
Kevin Kelly, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Wilmington, stated that though home sales have edged slightly lower, but builders are reporting confidence in the market and are increasing their inventory in anticipation of future business.
NAHB Chief Economist David Crowe said, “Sales have held in a relatively stable range during the past four months. As the labor market and broader economy continue to strengthen, we can expect the housing sector to gain momentum heading into next year.”