Builders make hay as millennials hunt for homes

Millennials hunting for homes are driving prices up as builders scramble to meet demand. New single-family home sales rose 13.9 percent in July from the previous month, reaching the highest annualized rate recorded by the Commerce Department since 2006, the Wall Street Journal reported. Single-family home starts, which indicates U.S. homebuilding, rose 8.2 percent from June to July, reaching the highest level since February. Some of that was pent-up demand. But t hose who can

source https://therealdeal.com/2020/09/02/builders-make-hay-as-millennials-hunt-for-homes/