“It is likely homebuilders will start over 20,000 homes in 2013,” said David Brown, MetroStudy’s Dallas-Fort Worth regional director. “Starts in 2013, however, will still be 60% below the peak activity level in 2006. Homebuilders entered 2013 with the largest backlog of sales in years.”
Dallas metro homebuilders ‘pick up pace’ in first quarter
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Why are existing home prices rising when sales are still so low?
Existing home sales fell in today’s report, but home prices are still up year over year, even with higher inventory and higher mortgage rates.
