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Friday, November 09, 2018

As U.S. New-Home Sales Tumble, It's Time To Reimagine Modern Modular Housing (Part 1)

As U.S. New-Home Sales Tumble, It's Time To Reimagine Modern Modular Housing (Part 1): As personal wealth increases for some, so does the cost of housing. According to recently released government data, single-family home sales in September tumbled 5.5 percent month-over-month, an estimated 0.6 percent drop, falling to their weakest pace since December 2016. The drop is attributed to increasing constraint on buyers due to rising property prices, higher mortgage rates and, most significantly, the dearth of affordable listings.