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Housing Market Picks Up Steam

The new year has brought new energy.

Market Perspective: Fast Facts About the Housing Market
More buyers purchased newly built homes in January. An economic "soft landing" may be on the horizon. Homebuyers are showing signs of optimism. Homebuilders expect construction activity to pick up.
[1] Mortgage Bankers Association (MBA) Builder Application Survey, January 2024.
[2] U.S. Census Bureau, HUD, Monthly New Residential Sales, January 2024.
[3] Fannie Mae Economic and Strategic Research (ESR) Group, Economic Developments - January 2024.
[4] Fannie Mae ESR Group, Economic Developments - February 2024.
[5] Fannie Mae ESR Group, National Housing Survey, January 2024.
[6] National Association of Home Builders, “Single-Family Starts will Rise in 2024 but Supply-Side Challenges Persist,” February 27, 2024.


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