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John Burns Forecasts Apartment Rent Trends Across the U.S.

Pro Builder

John Burns Forecasts Apartment Rent Trends Across the U.S. John Burns broke down its apartment forecasts into four categories: Boomburbs, Braintowns, Downtowns, and Dependables. John Burns broke down its apartment forecasts into four categories: Boomburbs, Braintowns, Downtowns, and Dependables. cbroderick.

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These Metros Will Be the First to See Prices Fall in a Market Correction

Pro Builder

Goldman Sachs recently lowered its 2023 year-over-year depreciation forecast from -4.1% In 2023, Goldman Sachs expects double-digit home price declines in major markets like Austin (-15.6), San Francisco (-13.7%), San Diego (-13.4%), Phoenix (-12.9%), Denver (-11.4%), Seattle (-11.2%), Tampa (-11.2%), and Las Vegas (-11.1%).

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Mortgage Rates Could Drop to 5.4% In 2023—Here’s What That May Mean for Home Prices

Pro Builder

Our forecast is for home-price growth moderation to continue,” Joel Kan, vice president and deputy chief economist at the Mortgage Bankers Association, said Sunday during the organization’s annual conference in Nashville, Tenn. “Our by the end of next year, leading to a steady flattening of home price growth rather than a sharp dropoff.

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Californians Are Fleeing the Golden State—What’s Keeping its Housing Market Strong?

Pro Builder

John Burns Real Estate Consulting forecasted California to be one of the states to see residents and businesses leave for lower density, lower taxed, and more affordable states, such as Arizona, Utah, and Texas. Yet builders are selling homes faster in Southern California than any other time since the mid-2000s housing boom, says John Burns.

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November Homes for Sale Reach Record Low

Pro Builder

So even though our new year’s forecast includes more listings and slower home-price growth, buyers may feel so pinched by other expenses that they have to reduce their housing budgets.”. The largest price increases were in Austin, Texas (+31%), Phoenix (+27%) and North Port, Florida (+27%). Single-Family Homes. New-Home Sales.

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IHP Capital Partners' Richard Whiteley Discusses Land Opportunity for Home Builders

Pro Builder

IHP Capital Partners, for example, secured strategic land and lot holdings in the Austin, [Texas], Phoenix, Reno, [Nev.], 2022 Housing Forecast: Opportunities and Challenges. In Austin, where IHP is working on an urban infill development project, demand for new homes is only increasing. Apartment Trends Taking Over 2022.

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Advanced Manufacturing: Manufacturing Gets Smarter, Faster

Business Facilities

With all Kentucky’s advantages combined, automotive production nationally forecast this year to remain at a near-record level, federal fuel economy requirements increasing over the next several years and the aerospace industry growing, the future of Kentucky’s advanced manufacturing industry looks bright.