The housing market is a key component to the entire U.S. economy. Having said that, nearly everyone should have an interest in the direction of the housing sector. It is a rather prominent indicator as to the direction the country is heading. However, for those invested in the industry, it hits home.
· Housing Market is Stronger than in 2012. Fortunately, the U.S. housing market is stronger than it was during the 2012 election, and so is the overall economy. In November 2012, home sales were rising, but the market was still recovering from the economic downturn of 2008.
There are about 75 million Millennials, which means there are 25 million young adults living in the nation’s spare bedrooms, basements, and bonus rooms. This reality can help us understand where housing prices are headed. The housing market is heavily driven by household formation.
Housing tipping back to a buyer’s market as sellers cut prices. 6:12 PM ET Thu, 16 Aug 2018 More price cuts are cropping up on U.S. housing markets listings than a year ago. This signals a turn in the market, which has been largely a seller’s market for the past few years.
This year, the organization divided its annual list to focus on five issues currently impacting the industry and five issues to watch for potential long-term impact over the next three to seven years.
While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the.
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NAHB's economists provide periodic updates on many aspects of housing economics and trends. View two recent presentations: Living Arrangements of Young.
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