With the easing of lockdown orders, fewer builders are lowering home prices. Unlike the housing recession in 2008, where almost 50% of builders cut prices to boost sales, only 22% lowered prices in April and just 15% lowered prices in May.
This shows that the housing industry is on the rebound and is set to lead the economy’s revival.
Learn more at https://nahbnow.com/2020/06/fewer-builders-cutting-home-prices-as-a-result-of-the-pandemic/
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