July 2024 saw a significant uptick in housing starts, signaling positive momentum in the residential construction sector. With builders responding to ongoing demand, this increase in new construction is expected to help alleviate some of the inventory challenges that have characterized the market in recent years. However, while the rise in housing starts is promising, it also highlights the ongoing need for affordable housing options as home prices and interest rates remain key concerns for buyers.
At Corken + Company, we’re closely watching these developments to better serve our clients. Whether you’re looking to buy, sell, or invest, understanding how new construction trends impact the market is crucial. Our team is here to provide the insights and guidance you need to make informed real estate decisions.
The rise in housing starts this July is a positive sign for the market, but it also underscores the need for strategic planning in real estate decisions. Contact Corken + Company today to discuss how these trends could impact your next move in the real estate market.
