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2023 industry recession to be deeper than first forecast

Construction Enquirer

this year after economists at the Construction Products Association sharply downgraded forecasts for the second time. Falling private new housing combined with recent government delays to major infrastructure projects has prompted the spring forecast downgrade from a previously forecast 4.7% fall in output.

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Fed Economist Forecasts Uptick in Single-Family Construction

Pro Builder

Fed Economist Forecasts Uptick in Single-Family Construction. The housing market may be slowing, but senior economist Jordan Rappaport predicts an upcoming surge in single-family home building . Thu, 10/06/2022 - 10:24.

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NAHB Predicts Multifamily Housing to Bounce Back in 2022

Pro Builder

NAHB Predicts Multifamily Housing to Bounce Back in 2022. The multifamily housing sector experienced regulatory and supply-side challenges, slow rent growth, and increased vacancy, positioning it for a weakened 2021. A recent NAHB analysis found 34% of multifamily construction in 2020 happened in lower density and lower cost markets.

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Multifamily construction market remains strong heading into 2020

BD+C

Multifamily housing will remain a robust market for A/E/C companies heading into 2020, according to the most recent results of PSMJ’s Quarterly Market Forecast (QMF) survey.

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Home Prices Predicted to Drop in Late 2020, 2021

Pro Builder

Home Prices Predicted to Drop in Late 2020, 2021. Fri, 07/24/2020 - 08:53. Economists predict May 2021 to be the time for dropping home prices, a result of economic damage and concern over the government’s ability to continue long term policies which have bolstered the housing market. cbroderick.

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What To Expect From a 2022 Housing Market

Pro Builder

What To Expect From a 2022 Housing Market. After hitting a record low of 2.66% at the tail end of 2020, interest rates on 30-year, fixed-rate mortgages did rise at the start of 2021, but then hovered below 3% for much of the year. increase, while NAR is the outlier with a forecast for just 2.8% Housing Markets.

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Will the Housing Industry Lead the Nation?s Economic Recovery?

Pro Builder

Will the Housing Industry Lead the Nation’s Economic Recovery? Wed, 05/27/2020 - 10:19. The housing industry was bracing itself for a brutal April, but for new home builders, the damage was not nearly as bad as expected. After weakening in March, the volume of new home sales came in much better than expected in April.

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