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Higher Priced New Homes See Far Stronger Sales Increases Since 2010

by Peter Thomas Ricci

Though new homes have seen, on average, very impressive sales increases since 2010, the specific gains have told a different story.

new-home-sales-census-bureau-unqeual-2010-2013-higher-prices-higher-sales

We’ll start with the good news – after its worst years since record-keeping began in the ’60s, the new construction marketplace is on a definite path to recovery, with an increase in sales of 33 percent from 2010

Here, though, is where it gets complicated – that pleasing number does not translate to equal gains throughout new construction. As we’ve reported before, higher priced new homes have seen much stronger increases in price the last three years, although they make up a smaller proportion of the overall marketplace.

How disproportionate have the increases been? Using the latest Census Bureau data, we both together the following infographic:

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