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“Apartment rents have dropped by nearly 15% in two years, which is warp speed for the housingmarket. Austin fits the classic example of a boom/bust housingmarket, where a collapse is taking place.” of existing supply, with another 38,000 of apartment units under construction (12.2%
Hamilton also pointed out that the 2028 Summer Olympics will be held in Los Angeles, which he said is likely to further increase the pressure to rebuild quickly. It will likely cause prices to continue to rise, potentially even pricing out current residents.
home price forecasts into 2028.) The experts forecast a cumulative price increase of 20% for the five years through 2028, or an average of 4.0% New Construction In August, new home construction starts increased by 9.6%, according to KPMG’s latest research. Year-to-year, single-family prices were mostly higher, led by a 5.9%
Adding to the pressure, many investors are shifting toward the growing build-to-rent market. This trend has doubled since 2019, with built-to-rent homes making up 10% of new construction (8% in the PNW). housing supply increased by 1.6M Both major political parties offer solutions focusing on increasing housingconstruction.
Louis Sullivan, the so-called father of high-rise construction design, once said: “The skyscraper establishes the block, the block creates the street, and the street offers itself as a riverbed to the stream of life that flows through the city.” CONDO NEWS Graystone has formally completed construction on its residential tower.
At this week’s inaugural Housing Economic Summit , HousingWire surveyed 300 mortgage and real estate industry executives and audience members for their takes on some of the key housingmarket issues of 2025. Barry constructed a scenario with inflation and the bond market that would allow rates under 6% in 2025.
Bessent now takes on the tasks of helping to develop the new administrations tax policies; enacting tariffs on Mexico, Canada and China; and constructing the administrations first budget. On Monday, the Senate voted to confirm Scott Bessent as President Trump’s pick to lead the U.S. Department of the Treasury.
The housingmarkets 2025 motto? home sales slumped for the second straight year, averaging 3.96M units transacted (excluding new construction) on a 12-month basis through October, up 2.9% Read more about the Seattle metro housingmarket in my monthly blog post, including the latest report here.)
For anyone wondering what a Democratic or Republican presidential administration might look like for the housingmarket in 2025 and beyond, industry experts can provide some insights based on their experience in government, proximity to D.C. or decades in the private sector. It hasn’t changed since 1997.
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