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New Home Sales are Stronger in Growing Cities
Monday, January 6, 2020
Depending on how you look at it,
either Texas and Florida or Nevada and Idaho were the fastest growing states in
2019. Frank Nothaft, CoreLogic's chief economist says that in terms of sheer
numbers the first two grew dramatically, with Texas adding 367,000 more
residents and Florida's population increasing by 233,000. Percentage wise, the
two smaller states each grew by more than 1.7 percent. In terms of new home sales, it is clearly
the big numbers that count and the two states that have seen the largest
population gains have also seen the most robust sales. The two metro areas with
the largest number of new home sales were Dallas and Houston and Texas and
Florida together claimed six of the top ten spots.
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