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Share of builders cutting home prices drops from 22% to 15%

from Eye On Housing

Share of builders cutting home prices drops from 22% to 15% Eye On Housing As lockdown orders began to ease in May and June 2020, housing data rebounded quickly, providing evidence that this industry is positioned to lead the economy forward. Single-family permits rose almost 12% in May, mortgage applications are at their highest level since January 2020, and builder sentiment, measured by the NAHB/Wells Fargo Housing Market Index (HMI), jumped 21 points in June — the highest one-month increase in the series history. READ MORE

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