Toll Brothers CEO - 35% of homes for sale are new construction...

[Peter Matthews]

Hey guys! Came across an article today that was pretty fascinating. 

According to the Toll Brothers CEO, Douglass Yearley, 90% of outstanding mortgages in the United States are under 5%. Due to the recent hike in rates, existing homeowners are reluctant to give up their low rate mortgages. Thus, leading to historically tight resale inventories.

He goes on to state that "approximately 35% of homes currently for sale are new construction compared to the historical norm of between 10% and 15%."

Will new construction continue to climb? How do you think this will impact real estate investing within the next couple of years? Just curious to hear everyone's thoughts. 

https://finance.yahoo.com/news... (Here's the link if anybody is interested)