We’re all seeing and hearing the same across the country as Ali Wolf reported!
Compared to earlier this year, we've seen the new home market moderate. The majority of builders in Texas and Florida, for example, reported demand was slower than expected in May, and that has carried on into June so far. This change corresponds with rising resale inventory levels in these states. Is this normal seasonality, or are we at an inflection point? Subscribers to the Zonda National Outlook will get a 15-page report tomorrow morning addressing: - How worrisome (or not) the recent changes have been - The top markets in these two states on our watchlist - Trends to monitor going forward Sean Fergus Sarah Bonnarens Bryan Glasshagel Larry Buckner Keith Hughes #florida #texas https://lnkd.in/gDp_7sm8