But geez, ya think homebuilders increasing their new home prices about 20% since 2011 might of had something to do with that flop, dude?
How much has inflation gone up since 2011? Maybe 6%, total.
Don’t overthink it.
Follow the money.
(See U.S. homebuilders blaming the weather at “Why Homebuilding Flopped This Year”.)
One Response to Homebuilders blame 2014 flop on bad weather. Huh!
The definition of a bubble is that when prices go up, sales also go up.
The fact that new home sales tanked on ~20% price increases, is a good sign. It shows we’re in a normal, rational market.
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