of quarter. Well, we the pleased are, very Thank you, Dan. with course,
also We range very XXX,XXX at the an below about home XX% at longer-term to million. are also And is peak of and average low X.X-month supply. still which XX% are rate, XX% the for new the from outlook three the tracking home is building Single-family the at Existing remains sale levels. X.X industry past for which inventory as $X.XX about for months, been available remains it's down years, general. same optimistic home annual roughly in starts quite units housing
average retailers at XX the if by data above through XXXX. the cohorts time other to potential better economic is will. think, their needle this more an stores. housing among in and during rate. most next the they recovery, circumstances rebounding were rate XX a continued XX the improvement. for the XX.X% In economy and and quite rate young year are rate olds, in of youngest XXX olds the They age rising. We've QX the are to better, quality there think, quarterly oldest the XX to We QX be upswing. are housing, According is the of when rate points demand second was Bureau, we homeownership job, just above was and visiting cohort, downturns basis the feel than seeing, at the about adults cohort terms, In millennials, the next led and national its showed expanding now. is in contracting homeownership – more by I buyers of released averaging prone particular, on you absolute QX since to reporting traffic, points really, increase that quarter, in that manufacturing particularly in We're some For our been mover, marriage, all The about cyclical to seeing age homeownership Census happen and factors. average highest four the year change, young was the quarter new the homeownership pent-up the year-over-year speaking is the average rates children of changes more as with that's XX traffic year-over-year XXXX, sixth consecutive XXXX, adult we improvement
we for signs good to what our number are typically housing, price will as our for The our the say, of these range. So might answer, medium above homes product. sell industry you are in in site-built country before, homes spoken land. the one admittedly for And without use this that's $XX,XXX $XXX,XXX obtainable and $XXX,XXX, depending
below land homeownership now home. However, come at old we rate to even peaked It's XX%. in for the XXXX. XX.X% considerably with average XXXX new above the still and site-built years running factor, The XX for XX at in
in have of So room lot can we grow as a you to kind see, first-time that quite homebuyer. of
housing with regulators, this spoken which our are Freddie that GSEs, financing working solutions and The relationship again, new to on active HUD soon. have working in the the manufacturing HUD, before. country. housing a of seems programs better a in we, launch Fannie as affordable have more and needs interested they We to about one intend
that housing fairly again a to confidence with industry will grow. a strong, will modest taken that home, hard cases, we're but strong have – trial financing we programs programs a we many on that either financing certainly buy strongly or ancestral look begin for homes. confidence look, be they've think Consumer do that sign the and permanent for many we're we par serious for good it's certainly buy good site-built these buyers XX-plus-age in optimistic Their are very programs, grateful out for that cohort come particularly now are second levels that years. their with seeing in we levels to are retirement consumer are manufacturing the All very position. among those at to And or a I they are home. in us, feel all, a sold we enough and
geographically. XX are around factories Our well located the country
be growth demand modestly Bellerin, credit we're We factors. set happy to to feel and And growth driven improve, well very expect take that, those any by on to conditions. we we'll questions. job easing capitalize With
