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.
Related Stories
Market Data + Trends
Price Growth Picks Up at the Start of 2022
Zillow’s December market report suggests a dicey situation for home buyers in the new year
New-Construction Projects
New-Home Construction Activity Increases Following a Surge in Building Permits
Builders are chipping away at record-low housing inventory, but they may not be moving fast enough to keep pace with escalating demand
New-Construction Projects
November 2021 Records High Share of Single-Family Permits
Year-to-date (YTD) single-family permits saw major gains over the first eleven months of 2021—here are the regions with the most growth
