Currently Reading

Which Housing Markets Are Most Vulnerable in Current Market Conditions?

Advertisement

Which Housing Markets Are Most Vulnerable in Current Market Conditions?


May 29, 2020
Mam in mask at construction site coronavirus
By Rapeepat

The pandemic and its economic fallout have hurt the entire country, but some housing markets are more vulnerable than others due to at-risk industries and residents struggling with rent or mortgage payments. For builders, NAHB says the recovery should be V-shaped, but it may take manufacturers longer to recover because of how hard they have been hit through the pandemic. Additionally, based on the economic toll on certain areas and their cost of living, some states have higher percentages of high unemployment risk renters and homeowners. See how your state is coping with current market conditions. 

The analysis of the American Community Survey (ACS) suggests that renters and young adults under the age of 34 are likely to face higher prolonged unemployment risks as a result of the coronavirus pandemic hitting the labor market. The labor market risks are also uneven across states, with state economies heavily reliant on leisure, entertainment, retail and personal services being most vulnerable.

While recent job losses due to the coronavirus shutdown are astounding and widespread across industries, the expectations of how fast the return to normalcy will take are quite different for the hardest hit sectors. The recent economic indicators suggest that construction might go through a relatively fast V-shaped rebound once the shutdown orders are lifted. The destiny of hard-hit manufacturing is less clear. The International Institute for Management Development (IMD) in Lausanne, Switzerland developed a list of potential winners and losers and identified manufacturing as an “in-between” sector.

Read More
 

Related Stories

Market Data + Trends

Is Urban Flight to the Burbs Golden?

The future of urban and suburban housing post-COVID-19

Demographics

Millennials Lead in Home Service Projects and Spending

Being cooped up at home pushed Americans to spend more on home improvement projects this year instead of entertainment or travel. The National…

Demographics

Win Over Active Seniors With Hospitality-Inspired Entertainment

A focus on entertainment and educational amenities will be the winning combination for selling to active seniors post-pandemic. Forbes says many…

Advertisement

More in Category




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.