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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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Lumber Prices Fell to New 2022 Low Following Goldman Sachs Housing Forecast

Pro Builder

Lumber Prices Fell to New 2022 Low Following Goldman Sachs Housing Forecast. Lumber prices fell 4% on Tuesday after Goldman Sachs released its updated forecast for home sales in 2022. Lumber prices fell 4% to a new 2022 low on Tuesday as higher mortgage rates speed along a housing downturn. Wed, 08/31/2022 - 11:00.

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Realtor.com Revises Its 2023 Housing Forecast

Pro Builder

in 2023 compared with 2022, but that housing correction varies by region. We’re seeing more divergence between how local housing markets are doing,” says Hale. “In Though Hale originally anticipated prices would rise by 5.4%, she now says median home list prices could dip 0.6%

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Housing Experts Forecast Falling Home Prices in the Next Phase of a Market Correction

Pro Builder

Housing Experts Forecast Falling Home Prices in the Next Phase of a Market Correction. Housing experts warn that the second stage of a market correction could be underway. In June, housing experts sounded the alarms of a market reset as mortgage rates skyrocketed and homebuying activity slowed nationwide.

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Uncertain Housing Forecasts for 2023 Reveal a Market Hingeing on Mortgage Rates

Pro Builder

Uncertain Housing Forecasts for 2023 Reveal a Market Hingeing on Mortgage Rates. Early predictions for the 2023 housing market are all over the map, but experts agree that the speed of home sales depends on the trajectory of mortgage rates in the near future. Fri, 12/09/2022 - 09:21.

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Mace raises tender price forecast as wages rise again

Construction Enquirer

Mace has increased its tender price forecast in light of further inflation. The latest forecast balances the positive economic growth in the first quarter, the rate of material prices continuing to cool – but also the recent news that the UK economy continues to suffer from significant inflation. in London and 3.5% in London and 3.5%

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Zillow Revises Its Housing Forecast as Obstacles Mount for Would-Be Buyers

Pro Builder

Zillow Revises Its Housing Forecast as Obstacles Mount for Would-Be Buyers. Thirty popular housing markets saw falling home prices in July, but the market isn't crashing. At the peak of the housing boom, Zillow forecasted that home prices would rise another 17.8% Rather than forecasting 7.8% New-Home Sales.