REIT - Housing Forecast 2024 And 2025: Little Better

2024-06-07 09:00:00 ET

Summary

• Construction of single-family homes is recovering, but multi-family buildings are falling.
• The economic drivers of housing supply and demand indicate continued softness in the second half of 2024, but 2025 looks a little better.
• Housing demand depends on the population, household size, demolition and deterioration of existing housing as well as the cost of housing.

Home prices are rising moderately now, in the spring of 2024. Construction of single-family homes is recovering, but multi-family buildings are falling. Homebuilders feel gloomy, and sales of existing homes are weak....

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