New Home Pending Sales Are Down 34.1 Percent Year-Over-Year, Zonda Reports
Supply, demand, inflation and economic uncertainty continue to impact the new home market
On Nov. 22, the experts at Zonda released the New Home Market Update report for October 2022.
Uncertainty is everywhere you look in today’s economy. Unfortunately, uncertainty does not mix well with making the largest purchase of one’s life, which is reflected in the data. Zonda’s newly released national new home sales figures captured 467,082 homes sold in October on a seasonally adjusted annual rate, down 34.1 percent compared to last year.