Currently Reading

Housing Outlook Seeks to 'End the Guesswork'

Advertisement

Housing Outlook Seeks to 'End the Guesswork'


May 31, 2018
Chimney with three birds
Photo: Unsplash/Zoltan Kovacs

In a recent housing outlook webinar, John Burns, CEO of John Burns Real Estate Consulting, offered six key points expected to shape the market over the next few years.

Burns' first point was the expectation that mortgage rates will hit 5.1 percent by 2021, as anticipated by the bond market. On a macro-level, Burns explains that housing is an unlikely source of a future economic recession, due to "historically low single-family construction and tight mortgage documentation." He adds that home prices would fall should another economic sector cause a recession, per John Burns Real Estate Consulting. Too, Burns points out the power of President Donald Trump in shaping mortgage policy, explaining that the recent repeal of portions of Dodd-Frank signal which way policy seems to be heading.

6.8 percent bull’s-eye building materials forecast. Our building materials spending forecast, which is the only one to include multifamily and rental homes, calls for solid growth the next two years. We project that slightly smaller homes, a slowing economy, and a pivot to more DIY projects will slow the robust growth rate in 2020 and later. Our forecasts by product and region provide better insight for specific companies. 

Read more

Related Stories

Housing Markets

Texas Is Home to More Than One Overvalued Metro

The 2008 housing bubble missed Texas, but the popular Sun Belt state is now home to some of the priciest regional markets in the nation

Market Data + Trends

Housing Inventory Is Falling at Its Slowest Pace in Two Years

April for-sale housing inventory fell at a single-digit year-over-year pace for the first time since the start of the pandemic

Economics

Lessons Learned From a Decade of Home-Price Inflation

Years of endless supply constraints are leaving their mark on the U.S. economy, and the housing market is taking the biggest hit

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.