While overall new home construction slowed during the first six months of 2022, closing of homes $1 million and higher rose 16 percent over 2021. But even in that price segment, builders are seeing buyers more cautious about purchasing.
Las Vegas-based Home Builders Research reported 235 closings of new homes of $1 million and higher during the first six months of 2022, 16 percent higher than the 203 in the first six months of 2021.
That…