20 Mar Building Boom? Most Newly Constructed Homes in a Decade Are Completed
Last month, builders completed the most newly constructed homes in a decade, says a recent report. Buyers can finally exhale.
About 1,319,000 homes were finished in February—the most that were completed since 2008, according to the seasonally adjusted numbers in the latest residential sales report jointly released by the U.S. Census Bureau and U.S. Department of Housing and Urban Development. That’s a 7.8% bump from January and a 13.6% jump from February 2017.
(Realtor.com looked only at the seasonally adjusted numbers in the report. These have been smoothed out over 12 months to account for seasonal fluctuations.)
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