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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 . NAHB reports. Thu, 10/06/2022 - 10:24. million, but a number of challenges remain for regional builders across the U.S.,

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When Will the Fed’s Rate Hikes Come to an End?

Pro Builder

As the Federal Reserve continues to raise its short-term rates to cool inflation and slow the housing market, prospective buyers are desperate for a reprieve . However, by 2025, the Fed is forecasting a return to a normalized rate of 2.5% Housing Policy + Finance. for the federal funds rate. Affordability. Financing.

Finance 52
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Housing Outlook: Is This a Recession … or Not?

Pro Builder

Housing Outlook: Is This a Recession … or Not? The current housing slowdown is a reality, but determining whether we’re in a recession right now isn’t so clear. After a two-year period of frenetic activity spurred by low mortgage rates and rising home prices, the housing industry has its finger on the reset button. “I

Housing 98
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NAHB New Chair to Tackle Regulation and Promote Trades

Pro Builder

NAHB New Chair to Tackle Regulation and Promote Trades. Chuck Fowke named NAHB's new chair; a look at new single-family home inventory. NAHB Housing Policy Briefing. We strive to meet the housing needs of families across the economic spectrum,” Fowke says. New Single-Family Home Inventory.

NAHB 98
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The Housing Market's Two Biggest Challenges

Pro Builder

The Housing Market's Two Biggest Challenges. Dietz says the media has blamed builders limiting sales due to lack of inventory and higher construction costs and that rising home prices have kicked many buyers out of the market. cbroderick. Mon, 08/09/2021 - 09:53. New-home sales remained 13.5% Read More. . Market Data + Trends.

Housing 52
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Economic Outlook 2021

Pro Builder

Strong buyer demand despite higher home prices, shrinking inventory, a spike in lumber prices, and continuing supply chain issues are just some of the factors in play for the home building industry in 2021. Economic Outlook 2021. Fri, 06/18/2021 - 07:00. National Association of Home Builders.

NAHB 98
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PSMJ Resources Blog: Residential Construction Continues to Struggle

PSMJ Resources

A sluggish economy, a soft job market, a large inventory of foreclosed homes, the threat of additional foreclosures, and difficulty in obtaining financing for both potential homebuyers and for builders continue to act as a drag on the housing market. Housing starts rose 15% in September from August. In August, it advanced 1.3%