The number of new home sales is far off historic norms. The National Association of Realtors (NAR) just reported that the percentage of all house sales that were newly constructed homes has fallen to the lowest numbers in forty years. Here is a graph showing the percentages: This should come
Buying a Home, Housing Market Statistics, John Martelotti - Staten Island Real Estate Sales, Real Estate Financing & Mortgages, Staten Island Real Estate, Staten Island Real Estate Sales