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The High Pace Of New Home Sales Is A Good Sign For The Economy

New home sales hit a 10 year high which bodes well for the economy long term. Because of the long time horizon for new construction, particularly long in the case of whole communities, builders have to be sure that the economy will be robust enough to support the sale of their homes by the time that they are built.  While no one has a crystal ball, I’ve always believed that builders do the best job of predicting future economic conditions long term.

See the National Association of Home Builders news release here.

Author: Chris Swanson

Born and raised in Southern California, Chris Swanson brings a rich background of real estate sales and sales management experience to the company. With over 40 years of residential real estate experience in San Diego; an award winning salesperson for Coldwell Banker Residential Real Estate, as well as holding the positions of Branch manager of several sales offices, District Manager and Regional Manager during his career.

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