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Fed Economist Forecasts Uptick in Single-Family Construction

Pro Builder

Fed Economist Forecasts Uptick in Single-Family Construction. Rebounding construction could lead to supply constraints as well as exacerbate an existing shortage of skilled labor, construction materials, and ready-to-build lots, though long-term inventory growth is necessary to resolve an ever-widening housing affordability crisis. .

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Zillow’s Year-End Sales and Home Value Forecast

Pro Builder

Zillow’s Year-End Sales and Home Value Forecast. Zillow is forecasting stronger growth in home sales through the end of the year while the rate of home value appreciation will be slower. Zillow is forecasting stronger growth in home sales through the end of the year while the rate of home value appreciation will be slower.

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Weekly New Listings, Pending Sales Spike, While Inventory Remains Tight

Pro Builder

Weekly New Listings, Pending Sales Spike, While Inventory Remains Tight. Fri, 05/29/2020 - 09:54. Buyers and sellers are returning to market as states reopen and public health policies gain clarity, and though inventory remains sparse, the housing market is looking better than it has in months. percent drop to a 1.8

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What Can Buyers Expect from the Remainder of 2020?

Pro Builder

What Can Buyers Expect from the Remainder of 2020? Wed, 09/16/2020 - 09:47. Tri Nguyen, founder and CEO of Network Capital Funding Corporation, forecasts possible changes to lending regulations, more attraction to affordable locales, and a reemergence of housing inventory. A Steady Re-Emergence Of Housing Inventory.

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A Look at Lumber Prices From the Supply Side

Pro Builder

I can say with confidence that the market conditions of 2020 and early 2021 are examples of a supply chain and pricing environment most of us have truly never encountered. . A month later, in March 2020, COVID-19 threw a wrench into everything, causing uncertainty across all industries. Lumber Prices—How We Got Here.

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What To Expect From a 2022 Housing Market

Pro Builder

Inventory will be low throughout 2022, so sellers will have the upper hand yet again, but as demand drops, more buyers could have a chance to finally snag their homes. While we're unlikely to see sub-3% rates again anytime soon, major forecasters aren't predicting huge increases for 2022. at the end of the year. MBA anticipates a 5.2%

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What Do Economists Predict for Unemployment, Multifamily Starts, Home Prices?

Pro Builder

Thu, 09/24/2020 - 09:44. Just three months ago, when the housing market was in the midst of what turned out to be a brief lull in activity, the panelists expected a slight (0.3%) decline in home prices for 2020. Panelists are now more optimistic than they were even before the pandemic, forecasting a 3.7% cbroderick.