In January 2024, the housing market saw the construction of new homes in the US drop significantly, marking the biggest decrease since the pandemic began. This suggests that the housing market's recovery will be slow, as potential buyers are waiting for mortgage rates to fall further. There was a notable decline in both multifamily and single-family home constructions. Despite this downturn, there's a hint of optimism among builders, hoping for lower borrowing costs to spur demand. However, challenges remain, such as high mortgage rates and a cautious stance from builders due to an elevated inventory of new homes.
The Housing Market Is SICK! https://youtube.com/live/-jjR1dT2eok
Home Buyers Are Being SUCKED Back Into The Housing Market: https://youtube.com/live/dBm6uocvu0I
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