MarketNsight 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