National Housing Market Outlook

CNBC Nightly Business Report: Home Builders Pump the Brakes on New Supply

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Rick Palacios Jr

March 30, 2019
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Our Director of Research, Rick Palacios, Jr., spoke with CNBC Nightly Business Report earlier this week. Rick explains that home builders pumped the brakes on new construction in February because:

  • Builders are proceeding cautiously after poor sales in 4Q18.
 
  • High levels of speculative new home inventory (homes under construction with no buyer contract yet) have forced many builders to offer financial incentives to sell homes.
 

Follow Rick on Twitter: @RickPalaciosJr

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About The Author

Rick Palacios Jr
Managing Principal, Director of Research
Rick oversees and guides JBREC’s research platform while coaching his team daily.

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