Currently Reading

How COVID-19 Vaccines Will Change the Housing Market

Coronavirus Resources and Information

How COVID-19 Vaccines Will Change the Housing Market

January 11, 2021
Syringe and vaccine
Photo: weyo

Vaccines will not be the cure-all for the housing market’s problems, nor will it bring down the thriving market, says With a bumpy rollout, new virus strains, and concerns from the public, the vaccine will not revert the world to pre-pandemic times anytime soon. But the vaccine could help the number of listings out there as sellers become more comfortable with the idea of moving themselves and allowing visitors into their home. Chief economist for real estate consultancy Zonda says some sellers are fine listing during the first half of 2021, but others will remain patient until late 2021, or even spring selling season in 2022.

Many sellers held off on listing their homes during the pandemic, particularly more vulnerable baby boomers. They didn't want to risk getting sick through an open house or having someone infected touring their home. Once they're vaccinated, they're more likely to go ahead with their moves.

"As the risk of serious illness declines because more people are vaccinated, we expect to see more sellers,” says Hale.

There's also expected to be more new homes going up this year, similar to how builders ramped up construction in 2020 despite the pandemic.

Builders could erect a million single-family homes and townhouses next year, predicts Robert Dietz, chief economist of the National Association of Home Builders. That could help to ease the crunch,

"The growth in single-family homebuilding will continue," Dietz says.

Read More


Related Stories


You Have PPP Questions, NAHB Has Your Answers

The newly released and expanded Paycheck Protection Program opened to new and certain existing borrowers last week, and the National Association…

Coronavirus Resources and Information

Biden's Stimulus Plan Includes Eviction Moratorium Extension

President-elect Joe Biden’s $1.9 trillion stimulus plan includes an extension of the national eviction moratorium until September. Tens of…


New York City Renters Face $1 Billion in Unpaid Rent

A recent survey found New York City renters owe $1 billion in unpaid rent, but the survey only accounts for roughly half of the total rentals,…


More in Category


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
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.