New Home Pending Sales Dip 5.8 Percent but the Spring Selling Season Signals Sales
Incentives now average $13,697 to help move sales of new homes
On Feb. 22, the experts at Zonda released the New Home Market Update report for January 2023.
There’s an interesting dynamic in the housing market where the improvement in demand seen so far in 2023 is celebrated by the homebuilding community but is carefully watched by policymakers trying to get inflation under control. The Federal Reserve is enacting restrictive policy to intentionally slow the overheated economy, and the housing market is a core part of that.