https://eyeonhousing.org/2022/08/new-home-sales-plummet-in-july/ National Association of Home Builders Discusses Economics and Housing Policy Tue, 23 Aug 2022 15:27:22 +0000 hourly 1 https://eyeonhousing.org/2022/08/new-home-sales-plummet-in-july/#comment-1997310 Tue, 23 Aug 2022 15:27:22 +0000 https://eyeonhousing.org/?p=32303#comment-1997310 At this point, it would be wise of builders to focus on preserving their sales backlog. I suggest builders have a thorough review of their backlog conducted. If a builder has a buyer that does not have a locked in an interest rate valid until the time the home is to be completed, it’s time to get that done. If a builder has a buyer in the backlog that may not qualify at today’s or an interest rate 1% higher, it’s time to address that problem. The only thing worse than losing a sale out of the sales backlog is to have it occur after the new home is completed.

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