New Home Sales Surge in December, Highlighting Market Shifts

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Sales of new single-family homes rose 3.6% month-over-month in December, surpassing expectations, while total new home sales for 2024 increased by 2.5% compared to 2023. Housing starts and building permits also reached a 10-month high, demonstrating sustained demand. With new construction making up 30% of all homes for sale, builders may slow new projects as inventory reaches its highest level since 2007.

Our Take

Buyers should consider new construction homes, which often come with incentives like mortgage rate buy-downs and brand-new, move-in-ready options.

📞 Contact Abdo Pierre Faissal at 310-620-1038 | ✉️ [email protected] for expert guidance on the new-home market.