New home lot supply drops to cycle lows
Rani Salehi
rsalehi@meyersresearchllc.com
(714) 619-7860
Kevin Gillen, of Meyers Research, told the builders that sales of low-priced homes now make up less than 10 percent of the American market, and buyers of those potential starter homes are the “missing domino” toward a full recovery of the housing market.