Tag Archives: new home sales

MarketNsight Announces Best May for New Home Sales since Downturn

MarketNsight Announces Best May for New Home Sales since DownturnMarketNsight Principal John Hunt recently projected that May new construction pending sales would be up 12% from 2018 closings. Opportunely, once all of the data was in, May new pending sales were up a whopping 28% year-over-year!

“In fact, this is the highest number of pending sales for May since the great recession,” Hunt said. “This is a big deal!”

Hunt’s data shows that partial June new pending sales are trending the same, so expect another big monthly year-over-year increase. Continue reading