New Homes 4/2010

New Home Sales got a nice shot in the arm in April. The expiring tax credit and low rates probably played a big role in the increase. I'm looking for Sales to drop of steeply come June.


Inventory levels have dropped to levels not seen for a long time. I would imagine builders will be playing it pretty close to the vest as far as new starts are concerned. The memory of holding too many spec homes is too fresh in their minds.

It appears the impetus to borrow is already waning in Buyer's minds: http://www.mbaa.org/NewsandMedia/PressCenter/72973.htm