Lack of land holds new luxury home sales down
The number of new production home closings priced at $1 million and higher fell 15 percent during the first half of 2024. Market observers said people shouldn’t fret that it’s a warning sign of the economy. Instead, it’s a reflection of not having enough luxury production homes available for sale with limited land available.
Tomas Kauer - Las Vegas Syndicated News 
The number of new production home closings priced at $1 million and higher fell 15 percent during the first half of 2024. Market observers said people shouldn’t fret that it’s a warning sign of the economy. Instead, it’s a reflection of not having enough luxury production homes available for sale with limited land available.
