New home sales get reported tomorrow (Friday, 5/23), but the monthly, seasonally adjusted number is not the key determinant of the homebuilding outlook. Yes, we will see how things are going now, but more importantly are the underlying drivers that put new homes in a favorable competitive position.
Especially important is the shrunken supply of “newer” homes. This competitive picture places homebuilders in the driver’s seat.
This article is published on Forbes.com