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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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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. To a large degree, leverage limits are driven by banks and absorption is driven by the market. Home Builders Ask: Where’s the Land?

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Exciting products and fresh directions

Cassell Construction Estimating

Starting that project on time is often problematic however, as Owners and Developers report that bank funding remains inordinately tight. ENR’s forecast for 2009 shows continuing declines in nearly all sectors of industrial, commercial, & residential markets, with modest growth only in public works highway and infrastructure work in 2010.

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