Rood Gives November New Home Sales Golf Clap

Posted on in TV Appearances

First-time homebuyers continue to be out of luck. Inventory for the start up buyer is anemic and multifamily construction is through the roof as builders cater to renters during a time when household formation is spiking. The November report on new home sales shows that just over 10% of new home sales were under $200k sales price. Without first time homebuyers you can’t have move up buyers. We have to find a way to free up existing home inventory on the lower end (price) but negative equity is disproportionately affecting lower priced homes. Hear Collingwood’s Chairman Tim Rood discuss on Bloomberg Radio:

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