National Housing Market Outlook

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

Rick Palacios Jr photo

Rick Palacios Jr

March 30, 2019

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 photo
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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