Q2 Update: State of Housing Report: Home Builder Edition

While the economy remains robust, mortgage rates remain high, and inventory remains tight.

Because of this, builders have offered incentives and price reductions to attract buyers. Additionally, construction costs have fluctuated, and labor resources haven’t fully rebounded since the pandemic. This has caused delays in construction timelines and challenges with the budget.

Download the Q2 Update for the 2024 State of Housing Report: Home Builder Edition and dive into some of the leading factors affecting the housing industry, including:

• Wage growth vs. inflation
• Consumer confidence
• Median home prices
• New home sales
• Affordability

Download the report to learn more!