Currently Reading

13 Predictions for Construction Growth

Advertisement
Trends

13 Predictions for Construction Growth

Thirteen members of the Forbes Real Estate Council share their predictions for construction growth, home affordability, and mortgage interest rates for the long term.


August 30, 2021
House frame under construction
Photo: stock.Adobe.com

Will the home office be standard? Will buyers have more flexibility? 

Thirteen members of the Forbes Real Estate Council share their predictions for construction growth, home affordability, and mortgage interest rates for the long term. 

Joseph Edgar, CEO and founder of TenantCloud writes: “What we see now is that the supply is lower than the demand for new homes in the U.S. housing market. One of the reasons for this is the pandemic-related increase in prices for construction/building materials which is slowing down construction growth. Fortunately, this won’t affect the market in the long term as prices are predicted to go down in a few years.” 

Certain markets will see increased demand like Toledo, Ohio. “It is one of the few locations around the nation where an investor can find a family home for less than $100,000. Individuals working low-income jobs can still afford to save enough for a down payment and acquire a house,” says Saurabh Shah, Co-founder of InstLend.

Ron Costa, co-founder and principal of The Eighty Two Group, expects the real estate market to continue surging for several reasons. “Housing construction still has not caught up with demand. Desirable neighborhoods do not have enough space to build more housing due to government regulations and NIMBYism. The Fed and the government are continuing to keep interest rates low and extending eviction moratorium to avoid catastrophe.”

For more predictions from real estate experts ...

Read More

Tags

Related Stories

Trends

4 Technologies that Will Transform Real Estate

Crowdfunding is allowing mom and pop investors to invest in big projects that were once limited to institutions.

Trends

Old People Don’t Have to Live in Exile

Why is housing designed to help older people stay in the mix becoming a priority? Two words: Baby Boomers.

Exclusive Research + Data

Design Trends Survey: What's in Store for Housing's Look and Feel

A recent survey of architects and design-minded home builders reveals what's in store for the look and feel of housing during the next three to five years

Advertisement
Advertisement

More in Category




Advertisement
Advertisement

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.


Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Subscribe
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.