Builder confidence in single-family homes rose to 37 in May despite high costs and economic uncertainty. Price cuts dropped to 32% with a 6% average reduction, while sales incentives stayed above 60%. Real wages for building workers fell 1.2% year over year.

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Existing Miami-Dade sales ↑~6% yearly in Early-Q2, marking an eighth straight monthly gain, with ~2.1K transactions across single-family homes and condos countywide. Single-family sales ↑~9%

