Oct
29

Chart of the Day: Ratio of New Home Sales to Existing Home Sales

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This chart from Calculated Risk is interesting, and really shows the level of distress that new-home construction is feeling. It can be looked at the ratio of existing homes sold to new homes sold. In “normal times,” the ratio is approximately one new home sale per five existing home sales. A couple of months ago, it was one new per 13 existing. Now, it’s one new per 15 existing.
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    Categories : National News

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