Are you ready for some great information? Sales of newly constructed homes were up at least 12.2% in May from April, and up 20% from 2022. Buyers are continuing to look to new construction homes as an alternative to the low inventory of existing homes in the market. Hot spots for new home sales include the Northeast, South, and West. Stay in the loop for the latest new building industry and housing news with P11. Let’s amplify your marketing today.

SOURCES: CNN.com business JUNE 2023U.S. Department of Housing and Urban DevelopmentU.S. Census Bureau