2024 State of Housing Report: Home Builder Edition

2023 marked a pivotal year in the industry, witnessing an unprecedented transition from resale to new construction.

The enduring strength of new residential construction serves as a stabilizing force for our industry, even amidst a contracting market, where resale options remain limited. In fact, new construction listings surged to 30% of the overall market, a substantial increase from the customary 10–11%.

Download 2024 State of Housing Report: Home Builder Edition to read through a 2023 market analysis and recommendations for 2024. In the report, you’ll learn insider insights like:

• Interest rates make today’s buyers focus on monthly payments as opposed to the full purchase price of a home.
• New construction homes in today’s market make up 3x more of the total sales inventory than in years past.
• The increased cost of material goods and labor shortages have contributed to the rising cost of homes this year.

Download the report to dig deeper!