Mixed Signals in the New Home Market

Mixed Signals in the New Home Market

A few recently released data points, indicate that there is continued choppiness in the new home market. Housing starts dropped in February from January’s figure primarily due to inclement weather conditions in certain parts of the country. On the positive side, housing permits increased in anticipation of a strong spring selling season. Builder confidence also dipped but remains on the generally positive side.

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Steve Devorak
Steve Devorak 150 posts

Steve Devorak is a former Director of Land Acquisition and Project Manager with extensive experience in the Southern California land market.

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