Chart of the Day: Private home volume fell 14.4% QoQ in Q1

Uploaded By:  Janine Ballesteros Submitted By:  Janine Ballesteros Case Study:  No This is attributed to the slowdown in housing demand. This chart from EDMUND TIE shows that total transaction volume of private homes declined for the second consecutive quarter by 14.4% QoQ to 4,174 homes in Q1. This is said to be the lowest since Q1 2019, when total sales amounted to 3,743 units. This is attributed to the slowdown in housing demand amid weakened sentiments, fewer launches in the quarter, and homebuyers turning more cautious amidst economic uncertainties and the pandemic. read more