Buyer traffic may be down and business may be slow, but home building will likely resume its role as an economic stronghold after COVID-19, according to analysts at Raymond James. The investment banking company says that if the virus is contained soon, the inventory shortage will actually stabilize home values while the housing industry reaccelerates, CNBC reports. Additionally, renewed building activity could help jumpstart the economy after these months of rising unemployment and small businesses taking huge hits. Before that country reopens however, builders are still working hard to cut costs and find innovative ways to keep business moving such as drive-by closings.
Watch CNBC’s video to learn more.