New home sales continued their strong start to the year in March, with an increase in the number of cheaper homes sold helping lift them to a 17-month high. But with the economy slowing, that rate of growth is unlikely to be maintained. Indeed, the FHFA reported that house price growth slowed further in February, to a four-year low of 4.9% y/y, and we expect it will reach 2% by the end of the year.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.