The number of new production home closings priced at $1 million and higher fell 15 percent during the first half of 2024. Market observers said people shouldn’t fret that it’s a warning sign of the economy. Instead, it’s a reflection of not having enough luxury production homes available for sale with limited land available. Original article: https://www.reviewjournal.com/homes/new-homes/lack-of-land-holds-new-luxury-home-sales-down-3165904/
