article thumbnail

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.

article thumbnail

Real Estate Investment Trusts (REITs): Understanding the Construction Connection

Construction Marketing

Real Estate Investment Trusts (REITs) are owners, operators, and financers of income-generating real estate properties. The primary purpose of a REIT is to generate income for its investors through rental income, capital gains, or both. As such, it may lead to higher rental income and property values.

Income 216
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Home Prices Are Rising Four Times Faster Than Incomes Across the U.S.

Pro Builder

Home Prices Are Rising Four Times Faster Than Incomes Across the U.S. Housing experts are warning of market conditions that seem eerily reminiscent of the 2007 housing bubble and subsequent crash . In the past year alone, home prices have risen four times faster than incomes across the U.S., Housing Markets.

Income 52
article thumbnail

What One Housing Expert Has To Say About the Current State of the Market

Pro Builder

What One Housing Expert Has To Say About the Current State of the Market. Mortgage rates are rising and home sales are slowing down, but according to the National Association of Realtors' senior economist and director of forecasting, a full-blown correction is within reach. Due to a housing shortage, home prices won’t drop in 2022.

Housing 98
article thumbnail

Solutions to Housing Affordability

Pro Builder

Solutions to Housing Affordability. So when I gave you, our readers, the opportunity to submit a write-in response to the question: “What’s needed to enable more affordable housing?” within our annual housing forecast survey (see the results on page 17), I got what I deserved from more than 300 of you. Housing Markets.

Housing 98
article thumbnail

How a Housing Shortage and High Prices Are Hurting the Middle Class

Pro Builder

How a Housing Shortage and High Prices Are Hurting the Middle Class. Fast-rising home prices and a meager housing supply are hurting middle-class and first-time buyers incapable of expanding their budgets to keep up with a 30% year-over-year price surge since the start of the COVID-19 pandemic in early 2020, according to Realtor.com. .

Housing 52
article thumbnail

The Housing Market Is Still Hot, But Experts Say It May Be Cooling

Pro Builder

The Housing Market Is Still Hot, But Experts Say It May Be Cooling. Stagnant household incomes are no match for fast-rising home prices, but that widening ratio isn't sustainable for the long-term, experts say. House prices are outpacing average household incomes across the U.S., Wed, 05/11/2022 - 10:31.

Housing 52