Housing Market Has Been Surprisingly Active During Lockdown

June 15, 2020
Prashant Gopal - Bloomberg

Stuck day and night in their homes, a surprising number of Americans are deciding the pandemic is a great time to upgrade.

That's how it looks to Lee Whitaker, vice president of Pacesetter Homes. After the coronavirus shutdown, the small Texas homebuilder braced for the worst. And it came: Business plunged in April. Then in May, something unexpected happened. Sales were 30% above the company's own pre-crisis forecast for the month.



714.701.9180

Arrange No Cost Consultation

 

Construction Defect Journal is aggregated from a variety of news sources, article submissions, contributors, and information from industry professionals.

No content on this site should be construed as legal advice or expert opinion. By viewing this site you agree to be bound by its terms and conditions

 

Copyright 2020 - Construction Defect Journal – All Rights Reserved