U.S. Move-Up Home Market Is 'on Fire,' Zelman Says

What has been the trend in new home sales from August to September compared to historical trends?

• Sales increased by 7%

• Sales remained constant

• Sales increased by 12%

• Sales declined by 12%

What strategy are builders using to meet the current housing demand?

• Decreasing construction output

• Increasing land purchases

• Focusing only on resale properties

• Reducing land purchases

How are rising land prices affecting consumers?

• Costs are being passed to consumers

• Prices are decreasing for consumers

• There is no impact on consumers

• Builders are absorbing the costs

What is the annualized pace of price increases in the new home market?

• 6.8%

• 20%

• 14%

• 10%

How does a 25 basis point increase in mortgage rates affect an entry-level buyer's monthly payment?

• It decreases by 3%

• It increases by 1%

• It remains unchanged

• It increases by 3%