New Homes
Builders are planning to lower the price of new homes to boost the volume of units sold, which has stood around or lower than 450,000 a year since the recession, to at least 500,000. “In 2015, I expect builders to try to push above that ceiling on new home sales,” Stan Humphries, chief economist at Zillow, told Forbes. “To do that, they’re going to have to sell less expensive homes.”
