Zillow Now Forecasting Stronger Housing Prices for 2024

The real estate site has raised its outlook for housing prices this year, predicting a more robust marketplace. As one of the more popular websites for the U.S. residential real estate market, Zillow has its fingers on the pulse of housing price trends, so its just released upgrade of its forecast for this year is […]

US Homebuilders Say Things Are Looking Up for ‘24

The construction industry still has a long way to go to get back to its boom days but new data suggests builders are getting more optimistic. Increasing consumer demand coupled with small drops in mortgage rates are all pointing in the same direction for US homebuilders: Up. New statistics from the National Association of Home […]

Rates Remain the Big Question for the New Year

No single factor weighs heavier on the building and construction industry for 2024 than interest rates and how they impact the cost of mortgages. This past year may not have been the worst of times for the building trade but it was far from the best. New housing and commercial building construction was severely impacted […]

Goldman Sachs Forecasts High Home Prices & Mortgages for 2024

Despite some signs that interest rates may be leveling off and housing activity showing signs of life, the big investment banker says next year will still be a hard one for the building trade. There are some indications from the Federal Reserve that interest rates may be topping out while small pockets of the new […]

Don’t Mess with the Fed

New research from an industry consulting group says the Federal Reserve is going to do what it does. Anyone in the building supply business who is hoping for some imminent relief in interest rates that might rekindle housing construction should probably hope for something more realistic – like winning the lottery or meeting Santa Claus. […]