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”.)
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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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