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Tag: Trulia
Business
Bathtub theory: Construction activity lagging behind home sales due to vacancy rate and household formation
With construction on new homes up 0.9 percent in August, Trulia Chief Economist Jed Kolko points out that new home starts and new home sales are still between 40 and 50 percent below normal levels. Meanwhile, existing home sales are just 2 percent below normal. So why is construction activity still lagging behind the housing […]
September 20, 2013
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