Reported about 2 months ago
According to NAHB CEO Jim Tobin, the building industry is poised for significant growth in the coming years, with mortgage rates trending lower and a potential for increased market activity as the Federal Reserve may cut interest rates. He emphasizes the need for a focus on increasing housing supply to meet existing demand, especially as the 2024 presidential election approaches, which could bring shifts in regulatory environments affecting the housing market.
Source: YAHOO