[MCN] Home builders keep shooting selves in foot?

[Lance Olsen]

Newly built homes are more expensive than they've ever been before. They are also more expensive when compared to similar existing homes than they've ever been before. And that is why sales are suffering, dropping an unexpected 9.4 percent in July compared to June <https://www.cnbc.com/2017/08/23/new-home-sales-hit-571000-units-in-july-vs-estimate-of-610000.html>, according to the U.S. Census.

They are simply out of reach for too many potential buyers.

You don't have to do a lot of math to see it. The median sale price of a newly built home in July jumped more than 6 percent compared to July 2016, to $313,700. 

That marks the highest July price ever. 

Last December, the median price hit the highest of any month on record.

https://www.cnbc.com/2017/08/23/heres-why-new-home-sales-tanked.html <https://www.cnbc.com/2017/08/23/heres-why-new-home-sales-tanked.html>



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”   …  housing growth poses the main threat to protected areas in the United States 
whereas deforestation is the main threat in developing countries."
 
Volker C. Radeloff, Susan I. Stewart et al. Housing growth in and near United States 
protected areas limits their conservation value. PNAS. January 12, 2010. 

http://www.pnas.org/content/107/2/940.abstract?sid=4718e5e2-8fa3-475a-9b92-032f399600c3



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