The new home market saw a modest 2.1% month-over-month increase in total transactions in August, according to Zonda, Newport Beach, Calif.
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Housing Market ‘Stuck in a Rut,’ Zonda Finds
The housing market is stuck in a rut, according to Zonda, Newport Beach, Calif. Resale activity remains sluggish and new home sales are down compared to this time last year.
Zonda Reports New Home Lots Significantly Undersupplied
The supply of single-family vacant developed lots has tightened, according to Zonda, Newport Beach, Calif.