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New home supply sees greatest decline in 6 years

from Housingwire

The new home market remained soft in the second quarter of 2019, according to the latest from Redfin, which highlighted a number of factors that have played into its weak performance so far this year. Last quarter, the supply of new homes fell by 1%, representing its biggest annual decline since Q1 of 2013. At the same time, new home sale prices fell just 0.5% from last year, remaining mostly unchanged after seven straight quarters of increases, Redfin revealed. more

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