- Builders up 5% in newly constructed home sales year to date 2023
- Builders can simply create needed inventory
- Builders are really benefiting in a housing shortage environment
- 30-year Fixed Rate to be 6%-7% by early spring 2024
- New sales expected to be up 19% in 2024
- Existing sales expected to be up 13% in 2024
- Pent-Up Sellers Cannot Wait Any Longer (2024 to 2025):
– 7 million new-born babies
– 3 million marriages
– 1.5 million divorces
– 7 million turn 65 years old
– 4 million deaths
– 4 million net new jobs
– 50 million job switches
Connect with New Homes CEO Tom Skahen