- New Home sales have a huge economic impact
- A New home creates opportunity for builders, mortgage servicers, architects, real estate brokers, material suppliers, home-furnishing companies, etcÂ
- This is a huge ripple effect
- Although New Homes are a smaller share of the market than existing home sales, they have a bigger economic impact
- Home start indicators show how confident builders are to complete projects
- They measure the number of excavation for foundations that have begunÂ
- Existing home sales can be useful for understanding larger economic trends
