Our Director of Research, Rick Palacios, Jr., spoke with CNBC Nightly Business Report earlier this week. Rick explains that home builders pumped the brakes on new construction in February because:
- Builders are proceeding cautiously after poor sales in 4Q18.
- High levels of speculative new home inventory (homes under construction with no buyer contract yet) have forced many builders to offer financial incentives to sell homes.
If you have any questions, please contact Rick at (949) 870-1244 or by email.
Follow Rick on Twitter: @RickPalaciosJr