Interest rates and new build rates might be an odd combination to discuss, but could be very important for our glimpse into the future of the housing market.
As I've already mentioned, we're beginning to slow the rate of new inventory that we're adding. Less new inventory and fewer new builds means that our overall level of inventory should remain fairly low. Low inventory and long term interest rates coming down means that we're in store for a sellers market part 2. I doubt that we will have the same 20 plus percent year over year growth, but it ought to be positive.
For more information on new construction rates check out the following articles:
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