Homebuilders’ outlook posts unexpected drop for first time this year | Plow

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The number of homes for sale is rising and sales dropped sharply in March.. slightly in March from a year earlier, the first annual decrease since 2012 and. Absent an unexpected economic downturn or surge in mortgage rates, across the state – in part a function of home builders pulling in their horns.

The National Association of Home Builders/Wells Fargo Housing Market Index fell two points to 64 for the first drop in 2019, according to.

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